Tata Motors picks 26 per cent stake in Truckeasy
Tata Motors Finance Holdings has picked up a 26 per cent stake in online freight aggregator Truckeasy. Tata Motors said the acquisition was aimed at giving it insight into the technology-driven transformation in the freight logistics space and the market dynamics of intra-city freight movement. Truckeasy currently offers services within Bengaluru, allowing users to rent light commercial vehicles through its mobile platform. Truckeasy will use the fresh capital to spread its footprint to more locations.