As was announced by Tata Motors, JT Special Vehicles Pvt. Ltd of Jayem Automotives will now be a wholly owned subsidiary of Tata Motors. Tata Motors has acquired 50% shares of Jayem Automotives in JTSV. Formed in 2017, JTSV is a joint venture between Jayem Automotives and Tata Motors Ltd. The collaboration was intended to develop high performance versions of Tata’s passenger cars under the ‘JTP’ brand.
Earlier in the year 2018, Tata Tiago and Tata Tigor got JTP variants. Both received cosmetic upgrades and the performance level of both models got upgraded. More importantly, because of the deal, no cars would be sold under the JTP brand in India, hereafter.
