Tata Motors, Tata Chemicals, Tata Power and Tata Croma will pool resources and expertise to build electric cars, batteries, charging stations and recycling facilities.
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(Image Source: Reuters)
Tata Group, a steel-to-autos conglomerate, is making its biggest push yet towards clean vehicles with plans to make electric cars and batteries, set up charging stations and build a battery recycling plant, senior executives said on Tuesday. More than half a dozen companies, including Tata Motors, Tata Chemicals, Tata Power and Tata Croma, a chain of stores selling consumer electronics, are pooling resources and expertise to build an electric vehicle (EV) ecosystem, the executives told reporters in Mumbai.
The plans were announced ahead of the launch of Tata Motors’ electric sport-utility vehicle (SUV) Nexon EV, which was attended by N Chandrasekaran, chairman of Tata Sons, the automaker’s parent group, and family patriarch Ratan Tata. “This is the launch of an ecosystem, which is the real need, not just another vehicle launch,” Guenter Butschek, managing director at Tata Motors, which also owns the British luxury car brand Jaguar Land Rover, said.