BusinessTata Motors Subsidiary Acquires 26% Stake in Mateshwari E-Smart Mobility
Tata Motors' wholly owned subsidiary, TML Smart City Mobility Solutions, acquired a 26% stake in Hyderabad-based Mateshwari E-Smart Mobility for Rs 2.6 lakh by purchasing 26,000 shares at Rs 10 each. The acquisition, completed on September 28, supports Tata Motors' electric bus operations in Telangana. The subsidiary and Mateshwari Urban Transport Solutions won a Telangana State Road Transport Corporation tender for electric bus operation and maintenance.
News18 Business·3h ago·Hyderabad



