Tata Motors reportdely wins order of 5,000 EV sedans (Tigor-XPresT)TATAMOTORS - 614 Change: -6.85 (-1.10 %)
News: As per media sources, Tata Motors have been roped in to supply 5,000 electric vehicles for fleet operations to Lithium Urban Technologies. The entire deployment of vehicles is aimed to be completed by next year.
Views: Tata Motors is leading the electrification charge domestically (market share in excess of 70%) and has already indicated doubling the EV sales count in FY23E vs. FY22 (19,106 units). This order win bodes well for the company and will help in realising its sales target. The entire order amount to ~₹ 500 crore in value terms and is likely to be executed by the newly created subsidiary in this domain.