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Business News › Industry › Auto › Auto Components › Tata Group readying plan for battery company in India, abroad to deepen its push to build electric vehicles

Tata Group readying plan for battery company in

India, abroad to deepen its push to build electric
vehicles
PTI Last Updated: May 11, 2022, 09:41 PM IST
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Synopsis
The group is making a transition towards sustainability across businesses which
includes a clean mobility push at Tata Motors and its British luxury unit Jaguar Land
Rover, Chandrasekaran said at an industry event. To meet stringent climate goals,
automakers globally are pursuing zero-emission strategies by also investing in batteries
and their raw material supply chain.

Tata group is preparing the blueprint

to launch a "battery company" both in
India and abroad as part of its
transition to be future ready, Tata Sons
Chairman N Chandrasekaran said on
Wednesday.

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Speaking at the CII Business Summit 1. Hyundai unveils all-new

Tucson; with level 2 ADAS
capability
2022, Chandrasekaran also said the
group is "in a massive transformation" to become future ready and will shortly
announce a group level goal towards becoming carbon neutral.

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sedan in India with prices

starting at Rs 1.29 cr
"We are transforming our core businesses to be future ready, a transition
where we are tightly integrating or embedding digital, data, AI and
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sustainability at the core of the business...," he said.

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7/14/22, 12:07 PM Tata electric vehicles: Tata Group readying plan for battery company in India, abroad to deepen its push to build electric vehi…

While the existing business are undergoing transformation, the group has also
entered into new areas, Chandrasekaran said citing the example of the group's
Tata Neu super app to prepare itself for an omni-channel consumer facing
ecosystem and the launch of a "very large scale precision manufacturing
electronics company which has global aspirations".

He further said, "We have launched a company for creating a 5G and beyond
telecom gear for the global markets. We are preparing the blueprint to launch
our battery company both in India and abroad."

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Chandrasekaran, however, did not elaborate on the details of the battery CNG Price LPG Cylinder Price

company.

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Underlining the importance of sustainability, he said, "We have a group level

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agenda on sustainability, which we will be announcing shortly where we have
a group level goal towards becoming carbon neutral. At the same time, we will 1. Front-running scandal rocks
a $31 billion Indian investing
giant
address the huge impact that we can create on the communities."

Stressing that the group is into carbon capture, he said, "Water is a big theme 2. Rupee settlement may bring
annual savings of $36 billion
across the group. Everyone, every company will not only become water neutral in hard currency
but we will go beyond that."

3. Apple to unveil iPhone 14

Elaborating on the transition undertaken by the group's existing companies, series on this date. New leaks
hint at tech giant’s major
Chandrasekaran said, "Our auto company has made a significant transition in plans
passenger cars. In fact, our market shares have gone up because we made this
transition. In commercial vehicles, we are looking at alternative energy, we are 4. PM to launch SGX Nifty trade
at GIFT
looking at hydrogen fuel cells. We are doing the same thing in Jaguar Land
Rover."

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FY 2021-22 be extended?
The over USD 100 billion conglomerate's automotive arm Tata Motors
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NSE -0.37 % is leading the electric passenger vehicles market in India in to say
terms of sales through its models such as Nexon EV and Tigor EV.

It has recently unveiled an electric concept AVINYA, based on which new

electric models will come with an enhanced range of over 500 kms. The
commercial vehicles division of Tata Motors has also recently launched the
all-electric version of its popular mini truck, Ace.

Chandrasekaran also said the group's power company, Tata Power, is shifting
heavily towards not only utility scale renewables but consumer renewables.

"We are doing the same thing in steel, not only in terms of recycling, but also
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in terms of preparing a blueprint towards hydrogen," he added.

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When asked what could be added to the Tata brand, which is trusted widely By Dhiraj Nayyar

with the group companies performing well, going forward, he said, it has to be
the driving performance and become an aspirational one.

2. From Russia (for crude), with rupees

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