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Tata Group launches EV 'ecosystem', its biggest push towards clean vehicles

More than half a dozen companies, including Tata Motors, Tata Chemicals, Tata Power and Tata Croma, a chain of stores selling consumer electronics, are pooling resources to build the EV ecosystem

Brokerages slashed price targets on Tata Motors after the company reported biggest loss in India’s corporate history. The consensus 12-month price target for the stock is down to Rs 215 from Rs 252 earlier this month. Some brokerages have cut the tar
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Reuters Mumbai
India's Tata Group, a steel-to-autos conglomerate, is making its biggest push yet towards clean vehicles with plans to make electric cars and batteries, set up charging stations and build a battery recycling plant, senior executives said on Tuesday.

More than half a dozen companies, including Tata Motors, Tata Chemicals, Tata Power and Tata Croma, a chain of stores selling consumer electronics, are pooling resources and expertise to build an electric vehicle (EV) ecosystem, the executives told reporters in Mumbai.

The plans were announced ahead of the launch of Tata Motors' electric sport-utility vehicle (SUV) Nexon EV, which was attended by N Chandrasekaran,