• The company, which is a leader in the newly emerging EV segment with offerings such as Nexon, is also planning to develop around 10 more new offerings in the segment, President for Passenger Vehicles Business of Tata Motors Shailesh Chandra said. Tata Motors is planning to invest Rs 15,000 crore in the EV segment in the next five years, a top company official has said.
  • The company, which is a leader in the newly emerging EV segment with offerings such as Nexon, is also planning to develop around 10 more new offerings in the segment, President for Passenger Vehicles Business of Tata Motors Shailesh Chandra said. The company had raised USD 1 billion in funding from private equity major TPG in its EV division, valuing the business at USD 9.1 billion.
  • It has a network of nearly 400 charging stations in Maharashtra, of which 15-20 are in Aurangabad and this needs to be expanded, Chandra said. Meanwhile, the official also shared that the ownership profile on EVs is undergoing change, with more buyers opting for the electric variant as their first car.
  • Tata Motors has sold 22,000 EVs till now and if the impact of so many vehicles were to be assessed in terms of carbon dioxide emissions, it is akin to planting 1.5 lakh trees, he said. Speaking about the initiative by the citizens of Aurangabad in opting for EVs, Chandra said their efforts need to be emulated across the country and also termed it as a huge confidence booster for the ecosystem.