Tata Motors (TTM) Surges Today: Good Chance To Invest?

For the last day of the stock trading, the worth of the Indian owner of Jaguar Land Rover, Tata Motors, has been surging and added to the company almost 3% for stock valuation. The catalyst of such price change was the news that Tata Motors has agreed to sell a 15% stake in its electric-vehicle business to a TPG fund, which has been valued at the price of $9.1 billion.

TPG is planning to buy the stake for $993 million, such a move will boost the influence of Tata Motors in India’s electric vehicle market. Moreover, there are not many EV sellers in India. For example, the biggest auto manufacturer company in the country Suzuki doesn’t sell any electric cars. Furthermore, the carmaker’s electric vehicle unit will invest about $2 billion with the time of more than five years.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.