Tata Motors Limited, through its wholly-owned subsidiary TSCMSL, has invested ₹3,51,350 to acquire a 26% stake in Traveltime E-Mobility Chennai Private Limited (TECPL). This investment makes TECPL an associate company of Tata Motors. TECPL, incorporated on December 23, 2025, operates in the service sector and is involved in the operation and maintenance of electric buses. This acquisition aligns with Tata Motors' strategy to participate in tenders issued by Municipal Corporations for electric bus operations. The acquisition is expected to be completed by January 31, 2026. The cost of acquisition is ₹10 per share, aggregating to ₹3,51,350 for the 35,135 equity shares acquired by TSCMSL. This transaction is not a related party transaction, but TECPL will become a related party post-acquisition. No governmental or regulatory approvals are required for this acquisition.
