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Tatas Look To Buy Johnson Matthey Battery Business: Mint

Tata group firm Tata Chemicals is a frontrunner in the race to buy the business from UK-based Johnson Matthey, the report said

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EV charging at an Ather Grid charging point
The US government may need more than 100,000 charging stations to support widespread EV use, a government watchdog told a congressional hearing on Tuesday. Photo: Ather Energy.

 

India’s Tata group is in talks to acquire the battery materials business of UK-based Johnson Matthey in a transaction that could accelerate the conglomerate’s push into the fast-growing electric vehicle market, Mint reported, citing two unidentified officials aware of the plan.

Tata group firm Tata Chemicals is a frontrunner in the race to buy the business from Johnson Matthey, the report said, adding that the business may be valued at about $700 million.

 

Read the full report: Mint.

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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