Tata Group to Bring IPO for Electric Venture Valued at $1-2 Billion
Tata Group to Bring IPO for Electric Venture Valued at $1-2 Billion

Tata Group to Bring IPO for Electric Venture Valued at $1-2 Billion

February 26, 2024
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Tata Group is set to propel the creation of an extensive charging infrastructure and ancillary facilities. On 31st January 2023, Tata Motors received a whopping investment of ₹7,500 crore from the TPG Rise Climate (America-based) investment group as a key investor.

According to reports from Hindu Business Line, the IPO size of Tata Passenger Electric Mobility (TPEML), a Tata Motors subsidiary, could range between $1-2 billion. With marquee products like the Punch EV and Tiago EV, Tata Passenger Electric Mobility holds a dominant position in the EV segment.

It is about time that Tata Motors’ EV arm plans to inject a substantial $2 billion by 2026. This investment aims to introduce 10 new electric vehicle models while laying the groundwork for a dedicated Battery Electric Vehicle (BEV) architecture.

What will this IPO Bring for Tata Group? 

We know Tata to be the leader in almost every sector and EV is no exception, Nexon and Tigor are making roars in the market already and we know Tata as holding a robust pipeline of “New Forever” products and proactive investments, the company foresees strong growth ahead.

Want a proof of it? Well, In the current fiscal year, the goal of the company is to achieve electric vehicle sales ranging between 70,000 to 80,000 units, commanding over 70% of the market share. Tata aims to scale up to 1 lakh units by FY25.

Performance of Tata’s upcoming IPO? 

Are you looking for a perfect IPO?

Well, Tata can be your golden goose, Tata Group’s foray into the EV sector has garnered significant investor attention, evidenced by the overwhelming response to Tata Technologies’ recent IPO.

Despite a two-decade gap since TCS’s listing, Tata Technologies’ IPO witnessed a remarkable demand, surpassing shares on offer by 69 times. The stock debuted with a substantial gain of over 100%, reaffirming investor confidence in Tata’s ventures.

Why is Tata Group bringing an IPO at this time?

Even though Tata Group got the complete investment from TPG Rise Climate last year this time the market is bullish and positive sentiments are blowing. Every company wants to bring an IPO when the market is breaking its 52-week target. This explains the long wait of Tata Group.

In line with its expansion strategy, Tata Group is reportedly contemplating listing its electric vehicles business, Tata EV, within the next one to two years.

Future Outlook and Market Position of Tata Group IPO

With a legacy spanning 155 years and a diverse portfolio of over 20 listed companies, Tata continues to reinforce its market presence. Surpassing the Rs 30 lakh crore market cap value, Tata Group stands as a stalwart in the Indian business landscape. With potential listings and a commitment to innovation, Tata Group remains at the forefront of driving sustainable growth and technological advancement in India’s burgeoning EV sector.

Writer’s Remark

With substantial investments, innovative product offerings, and investor confidence, Tata’s EV ventures are poised for remarkable growth in the coming years. As the EV revolution gains momentum, Tata is a beacon of innovation and progress, driving towards a greener, more sustainable future for India’s automotive industry.

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