This week in PluginIndia Weekly Episode Abhishek Uchil, the host of PluginIndia podcast spoke in detail with Mr. Shailesh Chandra from Tata Motors about the new subsidiary company and their plans.
Tata Motors along with TPG Rise Climate, a San Francisco based investment group, which invests in sustainable companies, announced that they will invest Rs 7500 CR or $1 Billion in a new subsidiary of Tata Motors for electric mobility business. This unnamed new company will use all the capabilities of Tata Motors and at the same time channel future investments into dedicated Battery Electric Vehicle platforms, charging infrastructure and battery technologies. Over the next 5 years, this company will create a portfolio of 10 EVs.
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