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Tata Motors To Invest $2bn To Electrify EV Business: ToI

The automaker plans to roll out 10 electric vehicles over the next four years.


Tata Motors is understood to be considering electrifying some of its existing petrol/diesel vehicles. Photo: Reuters

 

Tata Motors plans to invest about $2 billion over the next four years to roll out 10 electric vehicles, The Times of India reported quoting a top official at the automaker.

The move comes within days of private equity firm TPG Rise Climate laid out plans to pump $1 billion into Tata Motors’ passenger electric vehicles unit at a valuation on around $9 billion.

The company is understood to be considering electrifying some of its existing petrol/diesel products that may include the Altros hatchback and the newly launched Punch mini SUV.

See the full report: The Times of India

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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