Technology

Tata ventures into Electric Vehicle sector. India is in dire need EVs for its next generation

Tata Motors

Indian business behemoth, Tata is a salt to software conglomerate. They have their roots deep in the Indian economy, business & trade, education, infrastructure and up to a certain extent, in modern Indian history. India is one of the fastest growing economies in the world with a huge potential for almost everything new that is coming in the market but especially electronics. India is also among the largest markets for vehicles and Electronic vehicles are the next big thing in that segment.

Pollution is one of the largest killers around the world and India is one of the most polluted countries in the world due to massive development projects all across the country. Out of the 20 most polluted cities in the world, India is home to 10 of them. People want to shift towards greener and cleaner ways to commute and the answer is Electric Vehicles.

Tata has a huge automobile arm – Tata Motors. They are one of the largest automobile manufacturers in India and also ranks quite high in the global rankings. India’s electric vehicle industry is still in a nascent stage. Tata is planning to invest in the R&D and come up with a plan as soon as possible. They have already planned to launch their first ever EV in the year 2019. The business behemoth has its wings spread far and wide, which allows the company to offer all the necessary services to the consumers themselves. Tata Motors will provide the cars; Tata Power will provide the charging stations and Tata Realty will come up with the infrastructure such as depots and EV stations. Tata Consultancy Services will provide the software needs along with fulfilling the front end and back end needs, whereas Tata Motor Finance will help with the financing or leasing solutions.

Tata Motors was the L1 bidder (the one that quoted the lowest price) for the government’s order for 10,000 electric vehicles and has been pushing the government to come out with a dedicated electric vehicle policy to drive adoption. As of now there is a clear indication that the EV sector has huge growth potential and Tata is keen to utilise that. There is a huge pressure on the government to provide for a better environment for the people of India. Companies such as Tata is working in unison with the government to provide for better solutions.

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