Posted by Priya Singh On 27-Sep-2022 07:46 AM
The company, which launched the Yodha 2.0, Intra V20 bi-fuel, and Intra V50 styles on Monday, is attempting to shift to electrical mobility by automobiles fueled by CNG and various alternative fuel options.
According to the company's Executive Director Girish Wagh, Tata Motors wants to continue investing in its industrial automotive sector in the range of Rs 2,000 crore per year going forward in order to drive new models based largely on various types of powertrains. The company, which launched the Yodha 2.0, Intra V20 bi-fuel, and Intra V50 styles on Monday, is attempting to shift to electrical mobility by automobiles fueled by CNG and various alternative fuel options.
"At the commercial vehicle business level of the company, we have been investing roughly Rs 2,000 crore per annum, which comprises our investment in internal combustion engines, alternate fuel, and electric vehicles. We will continue to invest at the same rate to ensure that we continue to release new vehicles," Wagh stated at the launch event.
Tata Motors Group (Tata Motors) has a market capitalization of $37 billion. It is a major worldwide automobile manufacturer. Its varied portfolio includes a wide range of automobiles, SUVs, trucks, buses, and defence vehicles. Tata Motors is one of India's leading OEMs, delivering a comprehensive portfolio of integrated, smart, and e-mobility solutions.
On a question on the company's journey toward electrical products in the industrial vehicles space, he stated that the transition to zero-emission automobiles is an irreversible trend that will occur in India using diverse fuels.
"We are expanding our range of alternative fuel vehicles. We displayed the CNG-powered vehicle today. A few months ago, we launched the CNG-powered commercial vehicle with a range of 1,000 kilometres...so we are prepared to address this transition to electrification through alternate fuel," Wagh said.
He stated that the company anticipates CNG models to account for approximately 40% of intermediate and lightweight industrial automobiles and approximately 20% of small industrial automobiles in the future. Wagh stated that the company has begun manufacturing of the Tata Ace EV, with deliveries expected to begin next month.
On Monday, the company unveiled new pickup trucks to meet the needs of the agricultural, poultry, and dairy sectors, as well as the growing supply requirements of the FMCG, e-commerce, and logistics sectors. Wagh stated that the new range would enable the company to increase its market share in the small industrial automotive segment.
Tata Motors currently has a market share of approximately 40% in the small industrial automotive segment.
"Every part of these vehicles has been precisely built to efficiently handle a wide variety of functions in urban, semi-urban, and rural settings," Wagh explained.
He stated that the new variant has the best cargo capability, largest deck size, highest energy-to-weight ratio, and longest range to cross the most distance.
"The introduction of these new-generation trucks reaffirms our commitment to always empower and equip clients with vehicles to provide more development and success," Wagh said.
He stated that 1,000 models of the new range were expected to be delivered on Monday.
The price of Yodha 2.0 is Rs 9.99 lakh, Yodha EX is Rs 10.74 lakh, and Intra V50 is Rs 8.57 lakh (Ex-showroom).
Tata Motors believes in 'Connecting Aspirations' by providing innovative mobility solutions that align with the aspirations of its consumers. Tata motors are India's largest automobile manufacturer and continue to shape the Indian commercial vehicle scene by introducing cutting-edge powertrains and electric solutions that are designed for power and user comfort at the lowest life-cycle costs.
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