Rakesh Jhunjhunwala stocks: Tata Motors, the country’s largest commercial vehicle maker, invested by veteran investor Rakesh Jhunjhunwala, has decided to invest ₹ 7500 crore in the commercial vehicle business in the next four-five years.
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Leading position in case of EVs
Talking about the passenger vehicle segment, Tata Motors is on the leading position in terms of EVs. The company is now preparing to introduce electric vehicles in the commercial vehicle space by designing a new age platform. Commercial vehicles that will be introduced in the future will actually be able to accommodate CNG LNG and diesel powertrains as well.
Multiple options in the commercial vehicle segment
Earlier fossil fueled vehicles were being converted to electric vehicles. Girish Bagh, Executive Director, Commercial Vehicle Business, Tata Motors said that Tata Motors wants to lead the electrification of the vehicle business in the country. Tata Motors has done this in the case of earlier conventional engines as well.
work on multiple options
Tata Motors is working on several options in which it is going to launch short-range battery-powered vehicles and small commercial vehicles to gas-based fuel cell electric vehicles. Before this, Tata Motors is going to shift its vehicles to CNG immediately.
Shifting to CNG first
Wagh said that shifting commercial vehicles to CNG first is more important. Only then can the electrification of the commercial vehicle be done. In the last few days, the number of CNG pumps has increased across the country and due to this, cases of vehicles shifting to CNG are increasing continuously in the country. Wagh said that we have reviewed the entire range and application and after that we are working on it from the back end on priority basis.
Real world solution will be found
Wagh said that Tata Motors is working on providing solutions based on real world experience. Tata Motors now wants to change its sales and marketing interface as well. Recently, Shubhranshu Singh from Royal Enfield and Anurag Mehrotra from Ford India have joined Tata Motors. Wagh said that the higher cost of buying an electric vehicle as compared to a diesel vehicle may come down in the coming times. If we talk about CNG vehicles, then now their difference is almost over.
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