Tata Motors to acquire a 27% stake in Freight Tiger for $18m.

Tata Motors, a global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses, agreed to acquire a 27% stake in Freight Tiger, a digital platform that provides end-to-end logistics value chain solutions for cargo movement, for $18m. “At Tata Motors, we are committed to transforming road logistics industry with our innovative solutions and services. We believe that by playing a larger and deeper role in bringing all the stakeholders together to improve road logistics efficiency, we can create value for our core customers: the fleet owners. Hence, we are excited to announce our partnership with Freight Tiger, a pioneer in digitizing the logistics industry. Their vision is aligned with ours, as we strive to improve the efficiency and sustainability of road logistics. Together, we will create new opportunities for growth and value creation for our customers, partners and stakeholders,” Girish Wagh, Tata Motors Executive Director.