Key takeaways:
Tata Passenger Electric Mobility Limited (TPEML), the electric vehicle arm of Tata Motors, is planning an IPO in 2025-26. The IPO is expected to raise between INR 8,000-16,000 crore, valuing TPEML at USD 1-2 billion. TPEML currently holds more than 80% market share in the Indian EV market. The IPO will help TPEML to continue investing in its growth and expansion plans.
Tata Motors, the Indian auto giant, is planning to take its electric vehicle (EV) division public. Tata Passenger Electric Mobility Limited (TPEML), which currently dominates the electric vehicle market in India with a market share of over 80%, is expected to launch an initial public offering (IPO) in FY 2025-26.
The IPO aims to raise a significant amount estimated at INR 8,000-16,000 crore (about US$1-2 billion), giving TPEML a significant valuation. This move reflects the Tata Group’s commitment to capitalizing on the fast-growing electric vehicle sector in India.
Tata EV, known for its popular and best-selling electric vehicle models like the Nexon EV and Tiago EV, is aggressively expanding its presence in the Indian market. To expand its existing portfolio, the company recently launched the Tata Curve EV which is the most futuristic electric vehicle from the company currently.
Apart from this, the company’s upcoming EVs include the most awaited Sierra EV and Harrier EV, which are expected to be launched at the Bharat Mobility Global Expo 2025 in Delhi, India this year.
The company plans to leverage the IPO proceeds to continue investing in new models, technology and infrastructure to maintain its leading position.
This IPO is expected to generate significant interest from investors, given Tata Motors’ strong market position and the growing demand for electric vehicles in India. With the government actively promoting electric mobility, TPEML is well positioned to benefit from favorable market conditions.
