Tiger auto products and parts maker Tiger Motors has sold for Rs 2,500 crore to a private equity group.
Tiger Motors was founded in 2005 and was bought by Tata Motors last year.
The company was sold to Tata on January 31 for Rs 1,400 crore.
TMG will acquire the remaining stake in Tiger Motors.
Tiger Motors has had a strong financial position for years.
It has earned about Rs 7,000-8,000 a month from its auto parts business.
The group will be led by former Tata Motors chief Sunil Bhattacharya and former Tata Group chief Ajay Shukla.
The deal has been subject to regulatory approval.
Tigers auto parts unit has been making auto parts for Tata Motors for about 15 years.