Tata Motors’ wholly owned subsidiary -- TML Smart City Mobility Solutions (TSCMSL) has acquired 26% stake equity shares (35,135 shares of Rs 10 each at par) in Traveltime E-Mobility Chennai (TECPL). With this, TECPL became an associate of the company. The cost of the acquisition is Rs 3,51,350. The estimated time period for completion of the acquisition is January 31, 2026.
The company through its wholly owned subsidiary is participating in the tenders issued by various Municipal Corporations for the operations and maintenance of electric buses. Since TECPL has won the tender for operation and maintenance of Electric busses under Municipal Corporation of Chennai participation in tender though travel time e- mobility is within the business objects of the company.
Tata Motors (Formerly TML Commercial Vehicles) is India’s largest and a globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses. In every market, its focus is on delivering value and partnering customers to success.
| Company Name | CMP |
|---|---|
| Ashok Leyland | 176.00 |
| Force Motors | 22242.75 |
| Olectra Greentech | 1208.50 |
| Tata Motors | 438.45 |
| SML Mahindra | 4260.45 |
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