Jayem Automotives to be Tata Motor's subsidiary

  • Industry News
  • Jun 15,20
This purchase accounts to another 50 per cent after the first in 2017.
Jayem Automotives to be Tata Motor's subsidiary

Tata Motors Ltd. (TML), India’s leading automobile company, recently signed an agreement to purchase the 50 per cent shareholding of Jayem Automotives in JT Special Vehicles Pvt. Ltd. (JTSV). Further to this announcement, JTSV will become a wholly owned subsidiary of Tata Motors, following the completion of the procedural requirements.

JTSV was formed in 2017 as a 50:50 joint venture between Tata Motors Ltd. and Jayem Automotives to develop high performance versions of TML passenger cars under the ‘JTP’ brand. The Tiago JTP and Tigor JTP that were launched in 2018, gained much appreciation for their styling and performance, forming a loyal follower base. However, the passenger car industry witnessed a challenging FY19-20, exacerbated with mandatory change in regulations and the current COVID-19 pandemic, which has impacted the demand in this niche category of vehicles. In light of this ongoing scenario, both Tata Motors and Jayem Automotives found it prudent to discontinue this venture. Tata Motors will continue to provide all requisite support and service to customers and users of Tiago JTP and Tigor JTP cars at its select dealerships, ensuring hassle-free ownership.


In April, Tata Motors Limited (TML), a leading automaker in India has decided to subsidersise TML’s passenger vehicle (PV) business including the electric vehicle (EV) by transferring relevant assets, IPs and employees directly relatable to the PV business for it to be fully functional on a standalone basis through a slump sale. While this announcement clearly states that every crisis is an opportunity. Many experts have opined on various forums that India will experience many mergers, JVs, buys etc. 

Related Stories

Electrical & Electronics
Finolex Cables to invest Rs 580 crore to expand optic fibre cables capacity

Finolex Cables to invest Rs 580 crore to expand optic fibre cables capacity

This expansion in Maharashtra encompasses the installation of fibre draw towers and the implementation of backward integration for the production of glass preforms, crucial in the fibre drawing proc..

Read more
Material Handling Equipment
Avians high speed doors: Fast, efficient and smart entrance solutions

Avians high speed doors: Fast, efficient and smart entrance solutions

Avians high speed doors with the CE standard are designed to provide durability and speed, making them suitable for both indoor and outdoor use in sheltered areas with low wind loads and moderate te..

Read more
Other Industrial Products
Magal Engineering offers high-speed Etone presses

Magal Engineering offers high-speed Etone presses

Magal Engineering Co India Pvt Ltd has partnered with Zhejiang Etone Precision Machinery Co Ltd in India to offer the world-class mechanical and high-speed Etone presses with a good balance of techn..

Read more

Related Products

Electrostatic Precipitator (Esp)

Miscellaneous Industrial Supplies

Rajdeep Boiler Pvt Ltd offers a wide range of electrostatic precipitator (ESP).

Read more

Request a Quote

Bag Filters

Miscellaneous Industrial Supplies

Prime Thermals Pvt Limited offers a wide range of Bag Filters.

Read more

Request a Quote

Storage Tanks

Miscellaneous Industrial Supplies

Tecor Boilers Pvt Ltd offers a wide range of storage tanks.

Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back