new delhi tata motors on saturday said it is acquiring its partner jayem automotives in their joint venture jt special vehicles pvt ltd that develops high performance vehiclesthe company has signed a pact to buy 50 per cent stake of jayem automotives in jt special vehicles pvt ltd jtsv tata motors said in a statementjtsv will become a whollyowned subsidiary of the auto major after completion of the procedural requirements it addedit was formed in 2017 as a 5050 joint venture between tata motors and coimbatorebased jayem automotives to develop high performance versions of tata passenger cars under the jtp brandthe tiago jtp and tigor jtp were launched in 2018 as part of the collaboration however with mandatory changes in regulations and subsequent coronavirus pandemic demand for the niche vehicles declined tata motors saidin light of this ongoing scenario both tata motors and jayem automotives found it prudent to discontinue this venture it notedthe company will continue to provide all requisite support and service to customers and users of tiago jtp and tigor jtp cars at its select dealerships ensuring hassle free ownership it added