Tata Motors has entered into a 50:50 joint venture with Coimbatore based Jayem Automotives Pvt.Ltd., to develop a special performance vehicles under a new entity JT Special Vehicles Pvt Ltd.

Tata Motors and Jayem Automotives, as a part of the agreement, 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.

Read EquityPandit’s Technical Analysis on Nifty Auto