Shally Seth Mohile
The proposed equal JV with a planned investment of around $1 billion will look at manufacturing premium electric vehicles, batteries and also setting up charging infrastructure.
Its entry will be through acquisitions of distressed assets or direct investment.
Tata Motors Ltd, India’s largest vehicle maker, denied a news report that the company is considering an initial public offering of its UK luxury unit Jaguar Land Rover Automotive Plc. “It’s untrue. We don’t have any plans of listing JLR,” said a Tata Motors spokesperson. Late on Monday night, Bloomberg… Read more »
Tata Power Co. Ltd is set to acquire 118.2 million shares of Tata Teleservices Ltd, the company said in a filing to the stock exchanges on Tuesday. Tata Power’s move follows the 28 April order of the Delhi high court in which it approved the consent terms between Tata Sons… Read more »
The joint venture called JT Special Vehicles Pvt. Ltd will work to enhance the performance and appearance of Tata Motors vehicles.
Sometime in the first half of Tuesday, 21 February, the directors of Tata Sons Ltd will meet in the boardroom at Bombay House, the conglomerate’s iconic headquarters in south Mumbai. Interim chairman Ratan Tata, 79, will chair the meeting, which has been called to mark Natarajan Chandrasekaran’s “assumption of charge”,… Read more »
The dealwill help in growing the farm equipment business in Turkey and Europe.
The acquisition is in line with its strategy of expanding globally and fortifying presence in the cooling and emission control segments.
International Tractors Ltd, the makers of Sonalika brand of farm equipment and India’s third largest tractor maker by volume, is in talks with a Chinese tractor maker to form a joint venture for a plant it is putting up in Shandong province, a top company official said. Work on the… Read more »
Ratan Tata will take over as Tata Sons interim chairman for 4 months, while a search committee looks for a replacement for Cyrus Mistry