Tata Motors looks to partially divest its stake in Tata Technologies via IPO Tata Technologies, a product engineering and digital services company, was founded in 1989 as a unit of Tata Motors. The automaker held a 74.43% stake in the company as of March 31, the latest annual report showed. The company provides end-to-end solutions regarding product engineering, manufacturing engineering, customer services engineering, predictive maintenance, tool design, data analytics, factory automation, process design, and simulation to OEM across diversified verticals like the automotive, industrial heavy machinery and aerospace industry.&nbsp;Tata Motors 2018 called off a deal to sell about 43% stake in Tata Technologies to private equity firm Warburg Pincus for $360 million, citing delays in securing regulatory approvals and performance not meeting thresholds. The 2022 fiscal annual report showed that increased sales at Tata Technologies drove a 46% jump in Tata Motors' revenue from other operations. Further, the company has recently opened an innovation hub in Toulouse, France to better facilitate TATA-Airbus collaboration regarding aircraft manufacturing deals worth a total of ₹ 8.4 Lakh Crore (GOI &amp; Air India). The Tata conglomerate had 29 publicly listed companies with a combined market capitalisation of $314 billion as of the end of 2021. The group is anticipated to be looking for partial divestment via IPO route for 3 of its companies FY 24 viz, Tata Play, Tata Technologies and Tata Electronics Private Limited.<div> </div>

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