18 November, 2019
Spanning development and supply of both commercial and passenger vehicles, Tata Motors bags an order of 500 electric vehicles from Lithium Urban Technologies
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Mr. Shailesh Chandra, President – Electric Mobility Business & Corporate Strategy, Tata Motors Ltd. with Mr. Sanjay Krishnan, Founder, Lithium Urban Technologies announce the partnership between Tata Motors Ltd. and Lithium Urban Technologies to develop electric mobility solutions across passenger, mass transit and freight segments.
Reinforcing their position at the forefront in the electrification drive, Tata Motors and Lithium Urban Technologies, the world’s largest commercial EV fleet providers, outside of China, today announced their partnership. Both companies will explore bespoke models to address requirements of customers who are increasingly looking for tailor-made mobility solutions in the market across passenger, mass transit and freight segments.
As the first milestone, Tata Motors and Lithium have signed a contract for 400 newly launched, Tigor Sedan EV, with an extended range of 213 km, to be supplied by FY20 and deployed across India. This partnership plans to additionally induct 100 electric vehicles, which would include cars to be launched in near future, like Nexon EV for corporate leadership transport services. These steps will be pivotal for Lithium to significantly expand its current fleet of 1000 EVs to further consolidate its leadership position as the largest EV based mobility service provider.
Speaking on the occasion, Mr. Shailesh Chandra, President – Electric Mobility Business & Corporate Strategy, Tata Motors Ltd. said, “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. We are delighted to enter this partnership with Lithium, who are on their pragmatic journey of expanding their zero-emission transport service rapidly. We are committed to nurturing this valued partnership as we address the evolving mobility needs of our customers through various disruptive business models.”
Speaking on the occasion, Mr. Sanjay Krishnan, Founder, Lithium Urban Technologies said, “We are excited to partner with Tata Motors for the supply and co-development of EVs. The induction of new extended range Tigor EVs and future EVs into our portfolio will add further differentiation to our service offerings for the passenger services. 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. Lithium would move quickly to integrate the company’s paradigm-shifting LUTEC (LithiumUrbanTec) EV mobility utilisation software with the new vehicles.”
The new Tigor Electric Sedan, with an extended range of 213 km, certified by ARAI is available for both fleet and personal segment customers. This vehicle qualifies for a FAME II incentive for eligible commercial customers. It offers an enhanced driving range, low cost of ownership, connectivity, comfort of a sedan and zero emissions. To know more about the Tigor EV, please visit: https://tigor.tatamotors.com/electric/
About Lithium Urban Technologies (Lithium)
Lithium owns the largest fleet of EVs in the world outside of China. It is India’s first zero emission service, with its own fleets of Electric Vehicles (EVs) and associated charging infrastructure, backed by a strong technology platform that involves telematics, fleet management systems, scheduling, rostering and analytics-based optimisation; and trained and certified drivers. Lithium also owns and operates India’s largest EV charging network spread across 7 cities in India.
As a socially conscious company, Lithium is the only transportation company to have received the ISO 26000 guidance on social responsibility. Having covered almost 100 million kilometres to date it has abated about 20,000 MT of Co2e. Lithium’s institutional investors includes LGT Capital and International Finance Corp (a World Bank Group Co). Lithium is a recipient of several national and global awards including the prestigious the Financial Times /IFC Transformational Awards 2019 in London.
About Tata Motors
Tata Motors Limited (NYSE: TTM; BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 44 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses. Part of the USD 110 billion Tata group, Tata Motors is India’s largest and the only OEM offering extensive range of integrated, smart and e-mobility solutions. It has operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 134 subsidiaries, associate companies and joint ventures, including Jaguar Land Rover in the UK and Tata Daewoo in South Korea.
With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, Tata Motors is India’s market leader in commercial vehicles and amongst the top four in the passenger vehicles market. With ‘Connecting Aspirations’ at the core of its brand promise, the company’s innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers. Tata Motors strives to bring new products that fire the imagination of GenNext customers, fueled by state of the art design and R&D centres located in India, UK, US, Italy and South Korea. Internationally, Tata commercial and passenger vehicles are marketed in countries, spread across Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS, and Russia.