Eye on the green future, auto companies line up over Rs 2 trillion

Last week Tata Motors, the country's market leader in electric vehicles (EVs), said it was planning to spend Rs 16,000-18,000 crore as capital expenditure on its EV arm till FY30

With an eye on volumes as well as investing in future technologies, leading passenger-vehicle (PV) makers in the country have lined up investments of over Rs 2 trillion over the next few years.

Giants like Tata Motors, Mahindra and Mahindra (M&M), Maruti Suzuki India Ltd (MSIL), Hyundai Motor India Ltd (HMIL), JSW MG Motor India, Nissan Motor Corporation, and Renault SA have indicated big-ticket investment for creating capacities, product development, and a commitment to cleaner environment-friendly technologies.

Last week Tata Motors, the country’s market leader in electric vehicles (EVs), said it was planning to spend Rs 16,000-18,000 crore as capital