India’s automobile sector is drawing strategic and financial funding after a gap of nearly five years as the industry lays out electrification and aggressive growth plans, The Economic Times reported.
Last week, Japanese company Kubota Corp said it is investing 9,400 crore rupees (about $1.2 billion) in farming equipment makers Escorts Ltd, while last month, US private equity fund TPG Capital said it would infuse 7,500 crore rupees (abont $1 billion) in Tata Motors’ electric vehicle arm.
The electric vehicle ecosystem in India is at an inflection point and has emerged as an attractive investment proposition, the report said, citing industry experts.
Read the full report: The Economic Times
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