Skip to site menu Skip to page content

Daily Newsletter

07 September 2023

Daily Newsletter

07 September 2023

Tata adds solar to CV plant

Expected to generate 17.2% of annual need

Luke Martin September 06 2023

Tata Motors and Tata Power Renewable Energy (TPREL) have agreed to develop a 12MWp solar project at the former's Pune commercial vehicle manufacturing plant in India.

The project is expected to generate 17.5m units of electricity annually. The company said this would meet 17.2% of the annualised requirement, reducing carbon emissions by approximately 12,400 tonnes/kWh each year.

The project would be certified within six months after the power purchase agreement was signed.

TPREL and Tata Motors previously developed a 16MWp solar power project in Pantnagar, Uttarakhand, India.

Tyres and exhaust systems expected to dominate the automotive aftermarket industry

Today’s consumers have a great desire to customize and distinguish their vehicles. The demand for aftermarket extras, including specialized wheels, performance upgrades, interior renovations, audio systems, and aesthetic alterations, has increased owing to this trend. Per GlobalData estimates, the global automotive aftermarket industry will be valued at $677 billion in 2023 and is expected to grow at a CAGR of 5.8% by 2030.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close