Tata Motors recently announced it will raise $1 billion (₹7,500 crore) as part of its agreement with TPG Rise Climate. According to the details shared by the automaker, TPG Rise Climate along with its co-investor ADQ will invest the aforementioned sum in a new Tata Motors subsidiary. Sounds great, does it not? Nonetheless, the amount of investment involved in this new agreement has piqued a lot of interest across the industry. So we figured we will walk you through this new development in detail and explain precisely why the home-grown automaker is raising such a large sum.
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