INDIA [photo added 15:45BST]: Tata to launch EV next year
Tata Motors' UK subsidiary, Tata Motors European Technical Centre, has bought a 50.3% holding in electric vehicle technology firm Miljø Grenland/Innovasjon of Norway for NOK12m (GBP1.12m; US$1.93m) and plans to launch an electric Indica hatchback in Europe next year.
Miljø Grenland/Innovasjon specialises in developing technology for electric vehicles. The balance of shares will be retained by existing stakeholders who will remain associated with the venture.
Miljø will produce electric vehicles based on Tata Motors' products, alongside polymer lithium ion batteries and its ongoing development of related technologies.
"Tata Motors believes that this investment in Miljo will help the company realise its strategy to develop convenient, affordable and sustainable mobility solutions through electric and hybrid vehicles," the automaker said in a statement on Tuesday.
The Indica EV will be the first Tata EV on sale, with launch in Europe scheduled for 2009.
"Unlike existing electric vehicles, Indica EV will be a more practicable option for the consumer: capable of carrying four people, adequate luggage space, with a predicted range of up to 200km (120 miles) and acceleration of 0-60 km/h in under 10 seconds," Tata said.
"As in the Nano, Tata Motors continues its innovative approach with Indica EV too, using super polymer lithium ion batteries which will have superior energy density compared to the current best-in-class electric vehicles."
The 'New GM' is likely to sever ties with Opel/Vauxhall, leaving a business with almost no global presence outside Europe. How will the soon-to-be former GM Europe survive, asks Mark Bursa...
Indian passenger car sales growth inched higher year on year in March but commercial vehicle sales plunged, reflecting a worsening economy, industry data showed....
Magna International is considering setting up an integrated manufacturing facility in India for all but one of its 10 business divisions, the exception being car top systems....
Sales of cars in India were up 1% in March over the same month last year, according to indsutry data, as measures taken by the government to stimulate demand continued to kick in. Sales of trucks and ...
The European Investment Bank (EIB) on Tuesday approved loans worth EUR866m to European-based car makers to help design and build cleaner cars with lower CO2 emissions....
Tata Motors has said it is in discussion with its lenders to refinance the remaining portion of the US$3bn bridge loan it has taken to fund its acquisition of Jaguar Land Rover....
Tata Motors dealers have sold over 51,000 forms for the Nano in just five days since they became available from April 1, according to Indian media sources....
India's car market leader Maruti Suzuki sold 792,167 vehicles in its 2008-2009 year. This marks a growth of 3.6% over the previous 12 months, it said....
- ANALYSIS - Jaguar takes on Porsche with F-PACE
- THE WEEK THAT WAS - platforms to go to
- Peugeot steps up a gear with new 3008
- Delphi Powertrain VP on compliance - Q&A
- Geely/Volvo architecture cooperation bears fruit
- Peugeot reveals revamped 3008 compact SUV
- Tesla chooses Mando for autonomous technology
- US and UK motorists divided on driverless cars
- GKN wins plug-in AWD axle deal
- Subaru plans wider development links with Toyota