Tata Motors has formed a 50:50 joint venture (JV) with Jayem Automotives for developing special performance vehicles based on the latest series products. The JV firm JT Special Vehicles will develop a range of performance vehicles in a phased manner at a dedicated line. As part of the agreement, both Tata Motors and Jayem Automotives will work towards performance enhancement and appearance of series vehicles to offer an exciting and innovative range of niche aspirational products for the passenger car customers.
Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.