Tata Motors-TPG deal unlocks value for EV biz; analysts eye further upside

Tata Motors will remain the dominant player in the EV segment given that the company is first mover in the segment and has created a strong brand among the consumers, say analysts

A ‘surprisingly positive’ investment, worth $1 billion, by TPG Rise Climate and Abu Dhabi’s ADQ in Tata Motors is set to unlock value for the Tata Group company’s electric vehicle (EV) business, say analysts, who view Tata Motors as a "formidable player in the EV space with lack of such launches from competition".  

According to Amit Mishra and Udaykiran Paluri, research analysts at Antique Stock Broking, Tata Group has the most credible plans to promote and develop EV ecosystem in India. Besides, as Tata Motors' Passenger Vehicle (PV) business, including battery electric vehicles (BEVs), has been undervalued by the market,