Shailesh Chandra, president of EV vertical. Mumbai: Tata Motors Ltd on Monday created an electric mobility business vertical and appointed current head of business strategy at the firm, Shailesh Chandra, as president of the vertical with immediate effect, the Tata group flagship said in a statement. The development comes in the midst of a fervent push for green vehicles by the government to reduce air pollution and crude oil imports. Tata’s nemesis in the electric vehicle space, homegrown auto major Mahindra and Mahindra Ltd, also has a separate division to oversee its EV business in the form of Mahindra Electric Mobility Ltd, a subsidiary formed upon acquisition of the Reva Electric Car Company. Tata Motors is “optimistic” about the future of EVs in India, and will leverage the capabilities of other Tata group companies to develop the entire ecosystem and fast-track the adoption of e-mobility in India, according to Guenter Butschek, chief executive and managing director at Tata Motors.

Source: Mint June 04, 2018 09:22 UTC