TPG Capital and ADQ to invest $1bn in the passenger electric vehicle business of Tata Motors.

Two investment firms TPG Capital and Abu Dhabi Development agreed to invest $1bn in the passenger electric vehicle business of Tata Motors, a company offering a broad product line of motor vehicles including compact passenger cars, sport utility vehicles, luxury passenger vehicles and large semi trucks. “I am delighted to have TPG Rise Climate join us in our journey to create a market-shaping electric passenger mobility business in India. We will continue to proactively invest in exciting products that delights customers while meticulously creating a synergistic ecosystem. We are excited and committed to play a leading role in the covernment’s vision to have 30% electric vehicles penetration rate by 2030," N Chandrasekaran, Tata Motors Chairman.