Tata Mulls Spinning Off Its EV Battery Business, Eyes Global Energy Business

The Indian conglomerate Tata Group is reportedly exploring the possibility of separating its battery business as part of its strategy to strengthen its foothold in the renewable energy and electric vehicle (EV) sectors within the country. According to reports, Tata is at the initial stages of deliberation regarding the potential spinoff of Agratas Energy Storage Solutions, aiming to establish it as an independent entity. Agratas specializes in producing batteries for both the automotive and energy industries and boasts Tata Motors and Jaguar Land Rover as notable clients. With these developments, speculation arises: could another Tata IPO be on the horizon?