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Tata Motors to tie up with group entities to foray into electric vehicles

Tata AutoComp Systems has signed a joint venture with Chinese company Guoxuan High-Tech to manufacture battery packs for electric cars

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3 min read Last Updated : Dec 19 2019 | 9:37 PM IST

Tata Motors will use the strength of group companies to fuel its foray into electric vehicles (EVs). It has tied up with Tata Power to install charging stations and will us the group’s retail arm chain, Croma, to digitally showcase the vehicles.

“We are proud that the group’s entities are diversified and have expertise in varied segments. We are leveraging the strength to make EVs more popular,” said Shailesh Chandra, president of the electric mobility business and corporate strategy, Tata Motors. “We plan to set up 300 fast-charging stations by the end of this financial year, of which we have already installed 50.”

The group’s automotive component manufacturing arm, Tata AutoComp Systems, has signed a joint venture (JV) with Chinese company Guoxuan High-Tech to manufacture battery packs for electric cars. The JV company has started a prototype manufacturing operation in Pune. It has also formed a partnersh