The Tata Group is eyeing to list its electric vehicle (EV) unit Tata Passenger Electric Mobility Ltd (TPEM) as it aims to monetise its investments in the EV business, reported BusinessLine.
As per the report, the Tata group is aiming for a $1-2 billion initial public offering (IPO) of the EV unit and the listing could happen in the next 12–18 months, that is in FY25 or latest by FY26 “if business climate for EVs remains robust and the overall market sentiments is positive”.
TPEM, a subsidiary of passenger vehicle giant Tata Motors, is India’s largest electric vehicles (EV) manufacturer and maker of the best selling EV models Nexon.ev and Tiago.ev, and holds
