Tata Motors Passenger Vehicles Ltd.

Tata Motors is planning to invest over $1 billion (over Rs 7,500 crore) over the next 4-5 years to recraft its road map for the commercial vehicle business, with electric vehicles at its core. The company is working on revamping its commercial segments space, and designing it for futuristic EVs in 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.