Tata Motors to acquire Jayem Automotives’ stake in JT Special Vehicles
15th Jun 2020

Tata Motors has signed an agreement to purchase the balance 50% shareholding from the joint venture partner -- Jayem Automotives in JT Special Vehicles (JTSV). Consequent to which JTSV will become a wholly-owned subsidiary of the auto major after completion of the procedural requirements.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.