Tata Motors is planning new vehicles over the next 5 years

Tata Motors, the country's largest automaker, plans to invest Rs 15,000 crore in the electric vehicle category over the next five years. According to Shailesh Chandra, President, Tata Motors' Passenger Vehicles Business, the firm is at the forefront of the electric car category with offerings such as the Nexon EV (Nexon EV). It intends to develop roughly ten more new products in this category. In terms of the future, we want to invest Rs 15,000 crore in electricity over the next five years.

We'll work on about ten items, each with a different body style, price, and driving range. TPG, a private equity firm, has invested USD 1 billion in the company's electric vehicle sector. It had a revenue of $9.1 billion. The company's dedication to the development of the electric vehicle ecosystem The need for charging stations was reaffirmed by the need to accelerate its growth.

Tata Motors is planning new vehicles over the next 5 years

Chandra was speaking at a ceremony hosted by local organisations to present 101 electric vehicles to city citizens as part of the Aurangabad Mission for Green Mobility (AMGM). Under the AMGM programme, 250 electric vehicles have been ordered. The company's commitment to growing the EV ecosystem Charging stations were reaffirmed by the necessity to speed their growth. It has a network of roughly 400 charging stations in Maharashtra, with about 20 in Aurangabad. It should be expanded. Electric vehicle ownership is shifting. With more people choosing electric vehicles as their first cars,

Only 20–25 percent of people used an (electric) automobile as their first car when it was first introduced.It has now reached a peak of 65%.Tata Motors has sold 22,000 electric vehicles so far, which is equivalent to planting 1.5 lakh trees in terms of carbon dioxide emissions. Efforts should be replicated across the country. He described them as a major boost to the ecosystem's trust.