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

17 Mar 2022 CW Team

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

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..