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Tata Motors To Invest A Whopping $1 Billion In CV Segment

TNI || New Delhi || 10th Dec 2021

Tata Motors, which is India’s largest truck maker, has plans of an investment of more than $ 1 billion in the next four to five years.

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The idea is to recraft its roadmap for the commercial vehicle business and make electric vehicles it’s core.

Tata, which has taken a lead in the passenger electric vehicle segment, is now transitioning into electric commercial vehicles space also.

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Notably, this architecture will also be able to accommodate CNG, LNG as well as diesel powertrains.

Girish Wagh, ED of Commercial Vehicles at Tata Motors says, that the company wants to lead as well drive electrification in the marketplace, and as far as CVs are concerned, electrification will take place through gaseous fuel initially.

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He further added that a lot of work is being done when it comes to delivering solutions in the real world. Significantly, electric vehicles have been in demand in the commercial space, not only in the last mile delivery segment but steel and cement as well.