Tata Motors on Monday said it has inked a pact with commercial EV fleet provider Lithium Urban Technologies to address mobility solutions across passenger, mass transit and freight segments.
As part of the agreement, the auto major will supply 400 Tigor EV units to Lithium Urban by the end of the current fiscal, Tata Motors said in a statement.
The partnership also entails supply of 100 more electric vehicles, like the upcoming Nexon EV, from the company's stable, it added.
"This is not just the most significant milestone for Tata Motors' e-mobility business, but also a big turning point in the EV market, which is now likely to see fleets electrify faster than ever before," Tata Motors President Electric Mobility Business & Corporate Strategy Shailesh Chandra said.
The company is committed to nurturing this valued partnership as it addresses the evolving mobility needs of customers through various disruptive business models, he added.
"The induction of new extended range Tigor EVs (213 km) and future EVs into our portfolio will add further differentiation to our service offerings for passenger services," Lithium Urban Technologies Founder Sanjay Krishnan said.
This partnership with Tata Motors will ensure availability of new form factors and enable viability of new market segments across passenger, mass transit and freight, he added.
The new Tigor EV, with an extended range of 213 km, caters to both fleet and personal segment customers. The vehicle qualifies for incentives under the FAME II scheme.Finance Ministry dismissed RBI's warning on electoral bonds: report