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Business(Automobiles – E-vehicle) Tata Motors Ltd (TML) announced on Tuesday that it has entered into a binding agreement with private equity investor TPG Rise Climate and co-investor ADQ to invest Rs 7,500 crore in a Tata Motors subsidiary that will be newly incorporated to manage the company’s electric vehicles (EV) business, according to a statement.Continue reading “Tata Motors raise to $1 billion in plug-in electric vehicle business, with a valuation of up to $9.1 billion.”