Ratan Tata’s company will receive help from Chinese companies, why did he take this decision?
India is the fourth largest car market in the world and Tata Motors currently dominates the electric car market. To maintain its dominance in the electric vehicle market, Ratan Tata’s favourite company Tata Motors is going to take a big decision to fight the increasing competition in the market. You will be surprised to know that Tata vehicles will now be powered by Chinese batteries. Yes, according to media reports, Ratan Tata’s company has decided to take help from China to maintain its power in the electric vehicle market. Let us know what the deal is…
Why was the decision taken?
Live Mint, citing sources, claimed that Tata Motors will be purchasing battery packs for its electric vehicles from a Chinese manufacturer. Meanwhile, according to Business Daily, Tata Motors will be sourcing batteries from China’s Octillion Power Systems to further improve its performance. Currently, Tata Motors sources batteries from Tata Autocomp. The leading Indian automobile manufacturing company also sells electric vehicles in India. In this category, the company currently includes Tiago, Tigor, Punch, Nexon, and its recently launched Tata Curve.EV cars. However, the company will soon launch an EV model of Harrier as well. The recently launched Curve.EV is made using China’s Octillion battery.
