India’s passenger EV market will hot up in next 3-4 years
Currently Tata Motors held over two-thirds of the country's EV market, but Mahindra & Mahindra and BYD are emerging players in the Indian market.
Industrial conglomerate Tata Sons on Saturday said that it will acquire the entire stake of Tata Steel held in Tata Motors on or after June 23.
According to a BSE filing, Tata Sons will acquire 83,637,697 ordinary shares or 2.85 per cent stake in Tata Motors owned by Tata Steel.
The automobile major's scrip had gained by 1.57 per cent or more than Rs 7.05 to Rs 455.50 on Friday.
Advertisement
Advertisement