Chandrasekaran also said the group is “in massive transformation” to be ready for the future and will soon announce a goal at the group level to become carbon neutral.

Fiercely attacking the growth of the electric vehicle ecosystem in the country, the Indian conglomerate Tata group is now seeking to enter the battery market.

According to Tata Sons Chairman N Chandrasekaran, Tata Group is preparing a plan to launch a “battery company” both in India and abroad as part of its transition to be ready for the future.

Chandrasekaran also said the group is “in a massive transformation” to become ready for the future and will soon announce a group-level goal of becoming carbon neutral.

“We are transforming our core business to be ready for the future, a transition in which we closely integrate or embed digital, data, AI and sustainability at the heart of the business,” he said.

While the existing business is undergoing transformation, the group has also entered new areas, Chandrasekaran said, citing the Tata Neu Group’s super-application to prepare for a multi-channel ecosystem and the launch of a “multi-scale precision company for electronics production that has global aspirations ”.

He also said: “We have launched a company to create 5G and more telecommunications equipment for global markets. We are preparing a project to launch our battery company both in India and abroad. However, Chandrasekaran did not give details about the battery company.

Tata Motors’ automotive division of more than $ 100 billion is the market leader in electric passenger cars in India in terms of sales through its models such as the Nexon EV and Tigor EV. He recently presented the AVINYA electric concept, based on which the new electric models will be offered with an improved mileage of over 500 km. Tata Motors’ commercial vehicle division also recently released an all-electric version of its popular Ace mini truck.

Chandrasekaran also said the group’s energy company, Tata Power, is focusing heavily on not only renewable energy in utilities, but also on consumer renewable energy.

Tata Group May Enter The Battery Business Soon

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