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VERIFIEDMint Markets·neutral
Tata Motors CV arm acquires 26% stake in Hyderabad-based e-mobility company, stock in red | Check details
AI Summary
- ·Tata Motors' commercial vehicle arm acquired a 26% stake in Mateshwari E-Smart Mobility for ₹2,60,000.
- ·This acquisition makes Mateshwari E-Smart Mobility an associate company of Tata Motors.
- ·The investment is intended to bolster Tata Motors' participation in electric bus tenders.