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Tata Motors raises USD 1 billion from TPG Rise, USA for EV business, creates new subsidiary for EV
On October 12, Tata Motors Ltd and TPG Rise Climate entered into a binding agreement whereby TPG Rise Climate along with its co-investor ADQ, shall invest in a subsidiary of Tata Motors for electric vehicles (EV) (TML EVCo). TPG Rise Climate along with co-investors shall invest INR 75 billion (USD 1 billion) in comp....
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