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Tata Motors to raise $1 billion to push EV play
Tata Motors to raise $1 billion to push EV play

The proposed fund-raise will value Tata Motors’ electric vehicle unit at $8 billion and has attracted multiple private equity funds from the US, Middle East and Southeast Asia. TPG, California Public Employees’ Retirement System, Temasek, among others, have held conversations to lead or co-lead the financing exercise, sources told TOI.