In the electric car business Tata Motors will invest Rs 15,000 crore --- gadget news
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Tata Motors will invest Rs 15,000 crore in the electric car business
According to sources, Tata is set to launch ten new large electric vehicles in the next four years. Both small and SUV cars will be on this list. The announcement comes after the private company TPG Rise Climate announced its 1 billion investment in Tata for the electric car industry. Tata Motors President Shailesh Chandra said, "We have plans to launch products with the expectation of selling 20% eco-friendly cars in the next four to five years."
In this context, Shailesh further said, “Currently, we are getting applications for booking only two electric vehicles, Tata Nexon and Tata Tigor, three to three and a half thousand units per month. Although we can only supply 1,000 units per month. We are now investing 2 billion in the electric vehicle industry, and we hope that with the next ten electric vehicles in the coming days, our production capacity and charging infrastructure will increase, along with financial prosperity. ”
Last month, Tata reported that the company's cumulative cell had crossed 10,000 units at the hands of Nexon. On the other hand, the company is hopeful that the newly launched Tigor electric sedan will also get a huge response in the market. This is because the central and state governments of the country have already announced plans to expand the charging infrastructure as well as new facilities in the electric car industry. Even with the success of the two existing electric vehicles, Tata Motors plans to make the company's fossil fuel-dependent Altros and the newly launched Tata Punch more fuel-efficient in the near future.
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