Tata Power, Tata Motors and Tata Chemicals have come together to give a push to the electric vehicles segment.
“With the coming together of all Group companies, we see a new wave of opportunities,” said Guenter Butschek, CEO & MD, Tata Motors. The opportunity is a no-brainer with governments incentivising auto makers with subsidies and driving policies such as banning the sales of internal combustion engine (ICE)-powered two-wheelers and three-wheelers in highly polluted cities, scrapping old vehicles and enforcing stringent emission norms to give a fillip for EV adoption.
Putting things in place
However, what is interesting is to note is the ecosystem play announced by the Tatas. As Tata Sons Chairman N Chandrasekaran in his opening address said:
