Tata Motors is planning a Rs 15,000 crore investment in electric vehicles
MUMBAI: According to a top executive, Tata Motors would invest up to $2 billion (Rs 15,000 crore) over the next four years to introduce 10 new electric cars, while its larger passenger vehicle sector — which was losing money until recently — wants to turn around and produce free cash flow by 2022-23. TPG Rise […]
Lithium-ion batteries are in short supply among Indian electric car manufacturers
This isn’t turning out to be a particularly thrilling Diwali for Indian automakers. To begin with, a persistent chip scarcity has led fuel-based automakers to skip shifts in manufacturing. Even electric vehicle (EV) makers are now having difficulty obtaining lithium-ion batteries, whose costs are rising at a faster rate than Mumbai’s record-setting equities indices. Surging […]