1 hr ago
Tata Motors Subsidiary Acquires 26% Stake In E-Mobility Firm
Tata Motors has bought part of a company that works in electric transportation.
Its subsidiary paid ₹2.60 lakh for a 26% share in the company.
The company is called Mateshwari E-Smart Mobility (Hyderabad) Private Limited.
Because Tata Motors now owns 26%, the company will become its associate company.
The investment may help Tata Motors participate in electric-bus service tenders.
Tata Motors and a related company won a tender involving electric buses in Telangana.
The purchase was paid for in cash.
It was completed on September 28, 2026, and no government approvals were needed.
TML Smart City Mobility Solutions invested ₹2.60 lakh in Mateshwari E-Smart Mobility (Hyderabad) Private Limited.
The subsidiary acquired 26,000 shares at ₹10 each, securing a 26% stake.
Mateshwari E-Smart Mobility will become an associate company of Tata Motors.
The investment supports bids to operate and maintain electric buses in Telangana.
The cash transaction was completed on September 28, 2026, without requiring regulatory approvals.
- Who
- TML Smart City Mobility Solutions Limited, a wholly owned subsidiary of Tata Motors, acquired the stake in Mateshwari E-Smart Mobility (Hyderabad) Private Limited.
- What
- The subsidiary acquired 26% of Mateshwari E-Smart Mobility’s paid-up share capital for ₹2.60 lakh.
- Where
- The target company is based in Hyderabad, and the related electric-bus tender is in Telangana.
- When
- The transaction was completed on September 28, 2026, and announced on Monday.
- Why
- The investment supports participation in tenders to operate and maintain electric buses.
Key facts
- Investor
- TML Smart City Mobility Solutions Limited
- Target company
- Mateshwari E-Smart Mobility (Hyderabad) Private Limited
- Stake acquired
- 26% of paid-up share capital
- Investment amount
- ₹2.60 lakh
- Shares acquired
- 26,000 equity shares at ₹10 each
- Transaction method
- Cash consideration transferred from the existing shareholder
- Regulatory approvals
- None required, according to the company
Sources
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