According to Girish Wagh, Tata Motors will continue investing Rs2,000 crore a year in its commercial vehicle division

27 Sept 2022 , 09:20 AM

According to firm Executive Director Girish Wagh, Tata Motors intends to keep investing in its commercial vehicle industry in the area of Rs2,000 crore per year to bring in new models based on various types of powertrains.

On Monday the company strengthened its pickup line with the introduction of the Yodha 2.0, Intra V20 bi-fuel, and Intra V50 models. It is also aiming to make the switch to electric mobility with CNG- and other alternative fuel-powered cars.

"We have been investing over Rs2,000 crore a year in the company's commercial vehicle sector, which includes our investment in internal combustion engines, alternative fuels, and electric cars. To ensure that we keep releasing new cars, we'll maintain investing at the same pace "Wagh informed the press during the unveiling.

The largest player in the nation's commercial vehicle market is Tata Motors, a USD 37 billion company.

In response to a question about the company's move to electric products for commercial vehicles, he said that India will experience this transition through alternative fuels because it is an unstoppable trend toward zero-emission vehicles.

He said that going forward, the company anticipates that CNG models would make up around 40% of intermediate and light commercial vehicles and about 20% of small commercial vehicles.

According to Wagh, the company has begun producing the Tata Ace EV, and deliveries are scheduled to start the next month.

In the small commercial vehicle market, Tata Motors now holds a 40% market share.

According to him, the new range has the most payload capacity, longest deck length, best power-to-weight ratio, and longest range to cover the greatest distance.

He noted that on Monday, about 1,000 pieces from the expanded range were anticipated to be delivered.

Priced at Rs9.99 lakh for Yodha 2.0, Rs10.74 lakh for Yodha EX, and Rs8.57 lakh for Intra V50 (Ex-showroom).

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