Tata Motors wants to invest Rs 15,000 crore in the electric vehicle segment in 5 years. Tata Motors is a leader in the EV segment and has offered Nexon. The company also plans to have about 10 more EVs in this industry.
President for Passenger Vehicles Business of Tata Motors Shailesh Chandra said, “As far as future is concerned, in next five (years) we will invest Rs 15,000 crore in electrification. We are going to work on nearly 10 products with different kinds of body styles, price, driving range options.”
Tata Motors recently raised USD 1 billion funs from TPG for the EV segment. There is a need to boost the development of the infrastructure of the electric vehicle with charging units. The company has around 400 EV charging stations in Maharashtra.
“When we launched (electric) car, that time the people using this as their first car were only 20-25 percent. Today this has increased to 65 percent,” he said.
The company has sold approximately 22,000 electric vehicles as of now which is equal to planting 1.5 lakh trees while reducing carbon emissions. People need to opt for EVs to accelerate the EV ecosystem.
AMGM member Ulhas Gawli said, “The city has faced a lot of pollution and certain limitations were imposed by the National Green Tribunal here. Then we decided to work on it, we not only convinced people for the car (EV) but also worked simultaneously with the local administration for setting up the (EV) ecosystem’.”
Aurangabad Municipal Corporation Astik Kumar Pandey said, “We are working on setting up an ecosystem for electric vehicles and have a plan to set up 200 charging stations where the land will be given by us. We have floated tenders to purchase 60 electric buses and set up of charging points will be mandatory in the city from April 1 for new residential projects.”
