(Yicai Global) Nov. 15 -- Leading Indian automaker Tata Motors Limited ADR [NYSE:TTM] has reportedly made an investment of USD900 million in Faraday Future Inc. (FF), an US-based electric car startup founded by controversial Chinese businessman Jia Yueting, Chinese automotive news outlet Gasgoo reports.

The former LeTV business mogul is currently bogged down by lawsuits and disputes over debt. 

The Indian firm secured a 10 percent stake in FF in exchange, thereby valuing the firm at USD9 billion, a surprisingly high figure considering it has been unable to release its first model, the FF 91, as planned.

The pricey investment could help Tata's subsidiary, Jaguar-Land Rover, to develop its own electric models. The British carmaker previously promised that it would introduce electric or hybrid models by 2020, it said.

FF refused to comment on the matter, while Tata has yet to respond to the report.