TVS is in talks with Abu Dhabi Investment Authority (ADIA), Goldman Sachs Group Inc and Carlyle Group Inc for an investment in its electric vehicle (EV) arm, the Economic Times reported on Wednesday. TVS Motors, which makes the iQube e-scooter, had reported its EV sales had nearly doubled in the October-December quarter.
TVS in Talks With ADIA, Goldman Sachs, Carlyle for Up to $350 Million Investment in Its EV Arm: Report
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