Tata Motors Passenger Vehicles Ltd.

Tata Motors is planning to launch an electric version of its most popular light truck Ace next financial year thus becoming the first manufacturer to do so in the country. The Ace was one of the many products by the company including hybrids concepts showcased at the recent Auto Expo to gauge viewer interest. 

While the regular diesel-powered Tata Ace carry a price tag of over Rs 300,000 and the Super Ace priced at nearly Rs 500,000, a battery-powered Ace will not come cheap, as is the case with all electric vehicles. Cost of lithium-ion batteries that are normally procured from China as such batteries do not get produced locally form a huge chunk of the cost of development. 

Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.