Tata Motors Passenger Vehicles Ltd.

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Large Cap | Automobiles - Passenger Cars
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Tata Motors anticipates govt to be consistent with support for local production of EVs

Date: 27-07-2021

Tata Motors is anticipating government to consistently follow the policy of promoting local manufacturing of electric vehicles (EVs) under the FAME scheme amid demand from Tesla to lower import duty to sell its vehicles in India.

The auto major, which plans to have 10 new battery electric vehicles (BEVs) in its domestic product portfolio by 2025, expects the government policy to remain consistent with the policy it has already rolled out for the segment.

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.