Tatas develop electric car, to be priced less than $20,000

Diversified business house Tata group is developing an electric car that is expected to be priced below $20,000 (over Rs 10 lakh) in partnership with France’s Dassault Systemes. The group’s engineering services outsourcing and product development IT services arm, Tata Technologies has completed the first feasibility study of the electric vehicle using Dassault Systemes’ 3DEXPERIENCE Platform.

Kevin Fisher, president (vehicle programs and development group), Tata Technologies, said the company was working on with Dassault Systemes to “leverage the talents of a global engineering team to meet numerous design and cost constraints, and create the targeted user experience, including a final vehicle price tag of under $20,000.” He did not share other details such as when the vehicle is likely to be launched or how much the company is investing to develop the product.