+
Tata Motors plans to invest Rs 15,000 cr in EV market in 5 years
POWER & RENEWABLE ENERGY

Tata Motors plans to invest Rs 15,000 cr in EV market in 5 years

Tata Motors, a leading global automobile manufacturer, is planning to invest Rs 15,000 crore in the electric vehicle (EV) segment over the next five years.

According to Tata Motors President for Passenger Vehicles Business Shailesh Chandra, the company, which is a leader in the newly emerging EV segment with offerings such as Nexon, is planning to develop around 10 more new offerings in the segment.

The firm had raised $1 billion in funding from major private equity TPG in its EV division, valuing the business at $9.1 billion.

Chandra was speaking at an event where local groups were delivering a batch of 101 electric vehicles to city residents as part of the Aurangabad Mission for Green Mobility (AMGM). Under the AMGM, a 250-EV order has been placed.

Chandra told the media that the development of the EV ecosystem with charging facilities must be accelerated and that the company is committed to doing so.

It has a network of nearly 400 charging stations in Maharashtra, with 15-20 in Aurangabad, according to Chandra, which needs to be expanded.

Meanwhile, the official told the media that the EV ownership profile is changing, with more people choosing the electric variant as their first vehicle.

Tata Motors has sold 22,000 electric vehicles so far, and the impact of that many vehicles in terms of carbon dioxide emissions is equivalent to planting 1.5 lakh trees.

Image Source

Also read: Maruti, Hero, Tata Motors among 75 firms to qualify for PLI scheme

Tata Motors, a leading global automobile manufacturer, is planning to invest Rs 15,000 crore in the electric vehicle (EV) segment over the next five years. According to Tata Motors President for Passenger Vehicles Business Shailesh Chandra, the company, which is a leader in the newly emerging EV segment with offerings such as Nexon, is planning to develop around 10 more new offerings in the segment. The firm had raised $1 billion in funding from major private equity TPG in its EV division, valuing the business at $9.1 billion. Chandra was speaking at an event where local groups were delivering a batch of 101 electric vehicles to city residents as part of the Aurangabad Mission for Green Mobility (AMGM). Under the AMGM, a 250-EV order has been placed. Chandra told the media that the development of the EV ecosystem with charging facilities must be accelerated and that the company is committed to doing so. It has a network of nearly 400 charging stations in Maharashtra, with 15-20 in Aurangabad, according to Chandra, which needs to be expanded. Meanwhile, the official told the media that the EV ownership profile is changing, with more people choosing the electric variant as their first vehicle. Tata Motors has sold 22,000 electric vehicles so far, and the impact of that many vehicles in terms of carbon dioxide emissions is equivalent to planting 1.5 lakh trees. Image Source Also read: Maruti, Hero, Tata Motors among 75 firms to qualify for PLI scheme

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code