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SynopsisThe company’s existing shareholders, including founder TVS Mobility Pvt. and investors Gateway Partners and Tata Capital Financial Services Ltd., plan to sell as many as 59.48 million shares in the IPO, according to a draft prospectus. ThinkStock PhotosThe Chennai-based company plans to repay some of its debt, and buy out minority shareholders in its U.K.…Continue Reading

Supply chain, talent key challenges to setting up cell manufacturing in India for Electric Vehicles

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SynopsisThe active materials used in such cells—ones that undergo chemical reactions to store power—require sophisticated manufacturing processes that are cost-competitive only at a large scale. These supply chains have already been set up in other countries, like China and South Korea, and setting the same in India will be challenging unless there was sufficient scale.AgenciesThe…Continue Reading