"Tata Sons Invests ₹10,000 Crore in Subsidiaries for FY24 Expansion"

Tata Sons invested nearly ₹10,000 crore in its subsidiaries and associates during FY24, with major funding directed towards Tata Projects, Tata Autocomp Systems, Tata Electronics, Agratas Energy Storage, as well as Tata Realty, Tata Capital, and Panatone Finvest, according to the company's annual report.

Investments in joint ventures, such as Tata AIA Life Insurance and Tata Play, also saw an uptick from the previous year. Notably, all these entities remain unlisted.

Despite substantial investments, many of Tata's recent ventures, including Tata Digital and Air India, continue to report losses, apart from Wistron, an iPhone manufacturer for Apple. Tata Sons emphasized that these investments are aimed at fueling growth, reducing debt, and capitalizing on opportunities in sectors driven by global energy transition, resilient supply chains, and AI-led business transformation.

Tata Electronics, the first Indian firm to mass-produce premium smartphones and precision components, is spearheading the establishment of India's first semiconductor fabrication plant in Gujarat and a semiconductor assembly and test facility in Assam.

Agratas, another key investment, is working to bolster new energy manufacturing for the automotive sector, with plans to establish a 40 GWh gigafactory in the UK and a 20 GWh facility in Sanand, India.

HBL