Tata Motors bags order from Evera for EVs (fleet)TATAMOTORS - 712 Change: 14.85 (2.13 %)
Tata Motors has bagged an order for 2000 Xpress T EVs (Tigor-Sedan) from Evera (EV only – ride hailing platform in Delhi NCR region) and would be an addition to existing fleet of Tata Motors EV with Evera. Xpress T comes in two battery sizes i.e. 16.5 Kwh & 21.5 Kwh providing 165 km & 213 km of certified range, respectively. Separately, the company has also won an order to supply and operate 200 electric buses in Jammu & Kashmir.
Tata Motors is leading the charge on the electrification front domestically with >85% market share in E-PV market. It has one of the most affordable offerings in the electric – PV space with Xpress series especially launched for fleet operations and is already supplying the same to Blue Mobility. We believe the company is performing well as far as domestic market is concerned. However, key monitorable, going forward, would be ability to defend market share amid launch of XUV 400 by M&M & increase scale of operations/volumes ramp up on the JLR front.