Under tranche I, the company plans to float 30,000 NCDs of ₹1,00,000 each. This shall sum up to ₹300 Crore.
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The project will mitigate over 2 lakh tonnes of CO₂ emissions annually, again making Tata Motors a climate resilience and sustainability champion.
With this agreement, the company’s facilities situated in Maharashtra and Gujarat will take a headstart towards green manufacturing.
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Sales of passenger vehicles (PVs), including electric vehicles (EVs), increased 3% to 51,872 units, and those of commercial vehicles (CVs) fell 3% to 41,122 units.
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The company’s announcement followed Maruti Suzuki’s plans to increase the prices of its vehicles by up to 4%, effective from April 2025.
The company’s board of directors granted approval to the fundraising plans in March and May last year.
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