New Delhi: Investment Tata Motor Group for fiscal is pegged at RS 28.900 Crore, mostly for the British Arm Jaguar Land Rover (JLR), Chair of the company n Chandrasekara said on Friday.
The company will also see to increase capital separately for electrical vehicle business (EV) at the right time.
Misud to have 25 percent of its sales comes from EV in the medium term to length, up from 2 percent now, he said while overcoming the company’s Virtual GMS.
Reply to requests from shareholders in the details of the company’s investment expenditure, he said, “For TA21 RS 19,800 Crore.
For FY22 the plan is Rs 28,900 Crore, it is basically 2.5 billion pounds for JLR on an annual basis and RS 3,000 Crore to RS 3,500 Crore for Tata Motors.
“The company invests in hydrogen fuel cell vehicles, he said,” We invest in hydrogen.
And in fact, we got the first order of Indian oil for 15 vehicles, and we have a lot of work that happens in the hydrogen cell area Burn.
“He further said,” We have produced seven vehicles like that, but we have orders for 15 vehicles but all in the trial stage and we need to have a long-term plan.
We are working on it.
” At EVS, Chandrasekan said Tata Motors had a “very ambitious goal” and targeted “at least 25 percent” sales derived from the medium-term segment in length, up from more than 2 percent at this time.
“We will launch at least 10 models before 2025.
So, we have an aggressive growth plan and towards that we will also increase capital for the EV segment at the right time,” he said, adding the company will also soon.
Launch the EV platform for the last commercial vehicle segment.
Also, Tata Motors works on “Affordable EVs” and Tigor EV companies will come up with a higher range.
Responding to the query in the Tata Motors plan for the EV component business, he said, “We are studying and it will have a chance.
In fact, we also see setting up a separate battery (business) outside Tata Motors.” At the EV charging station, he said, “We have a plan to develop significantly at the charging station.
Tata Motors works with Tata Power and we develop to at least 25 cities and the aim is to have at least 1,000 charging stations in the coming years.” Commenting on the problem of semiconductor deficiency, Chandrasekan said the company was looking at alternative sources and made progress.
“Actually, some reasons why we can sell cars at this stage and produce EV especially because of that.
On JLR, we see a number of options, including working directly with semiconductor producers.
The discussion is active and certain contracts with all of them negotiated,” he said.
For questions about why Marc Llistosella did not join the CEO and Managing Director of Tata Motors after his appointment was announced, Chandrasekan said he “did not join for personal reasons because he could not move to India.” In February this year, the appointment of Llistosella as CEO and Managing Director of Tata Motors with the effect of July 1 was announced but a month later, the company said he would not take a position.
He was a former president and CEO of Fuso and Bus Corporation and Bus Truck Daimler in Asia.
For queries on the vehicle scrappage policy announced by the government and the company’s plan, said Chandrasekan, “We are learning about how to respond this in terms of operation and what we do.” Asked whether Tata Motors will sell non-core assets, he answered with affirmative but did not describe.