4.00 (1.21%) Tata Motors has inked a pact with commercial EV fleet provider Lithium Urban Technologies to address mobility solutions across passenger, mass transit and freight segments. As part of the agreement, the company will supply 400 Tigor EV units to Lithium Urban by the end of the current fiscal (FY20).
The partnership also entails supply of 100 more electric vehicles, like the upcoming Nexon EV, from the company's stable. This is not just the most significant milestone for company’s e-mobility business, but also a big turning point in the EV market, which is now likely to see fleets electrify faster than ever before.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.