Tata Motors Limited (TML) has established a wholly owned subsidiary for urban mass mobility called ‘TML Smart City Mobility Solutions Limited’ (TSCMSL) with an initial capital of INR 5 crore. The company plans to focus on its Electric Vehicles (EV) sector as a service offering across its commercial vehicle portfolio. “TSCMSL will cater to all commercial prospects across passenger mobility applications, in addition to the existing State Transport Undertakings (STUs) and government fleets,” Tata Motors stated in a regulatory filing. The company currently has over 650 electric buses on the road in India, covering more than 35 million kilometre, and has operationalized over 250+ electric buses in FY22.
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Note: The above-mentioned project news is taken from ProjectX India | 1st June 2022 edition. Click here to buy this issue. Access Electric Vehicles (Evs) news, projects, tenders, and contract award information in each fortnightly issue of ProjectX India PDF version. Go for an annual subscription and get access to 24 issues in a year.