Tata Motors is actively scouting for a new partner for its passenger vehicle (PV) business
Tata Motors is actively scouting for a new partner for its passenger vehicle (PV) business, according to a recent report. The company is looking to collaborate with an automaker to accelerate its growth plan for the next decade. A partnership will help the Indian auto giant offset huge investments while adapting to newer technologies, regulations and shorten product lifecycles. Earlier this year, the Tata Motors board had approved to form a separate entity for its passenger vehicles business bringing the cars, electric vehicles and its relevant assets, employees and IPs under one umbrella. The new vertical would fully functional on a standalone basis. carandbike has reached out to Tata Motors for an official statement and will update this report when we get a response.