The production of electronic vehicles across the country is accelerating to such an extent that it is said that the Indian automobile market will be saturated with electric vehicles in a few years. Global automobile companies have also started manufacturing various types of vehicles to introduce electric bikes, cars, scooters in the Indian market. While some electric scooters and bikes have already been introduced, subsidies and various incentives are being offered to encourage the purchase of electronic vehicles.
In this case, Tata Motors has announced a new scheme for electronic vehicle dealers. Now ICICI Bank has partnered with Tata Motors to introduce a loan scheme for electronic vehicle dealers. Full details about this can be found here.
Last Monday, Tata Motors had announced plans to partner with ICICI Bank to offer loans to authorized electric vehicle dealers. While the bank is already implementing this loan scheme for diesel and petrol cars, it has said that it will be extended for electric vehicles as well.
Saylesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Motors Electric Mobility said, ‘With continuous efforts, sales of electronic vehicles have started across the country. Apart from that, this partnership will be beneficial for both parties and the electronic vehicles can be easily brought to the people. He assured that the process of buying an e-vehicle will be very simple and easy.
Tata Motors is a leader in e-vehicles. Apart from that, Tata Motors owns the largest number of battery powered vehicles in the country.
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Also, Tata Power, which has implemented public chargers, has installed more than three thousand chargers across the country in the last one year. So in the next two to three years it will increase manifold. But it is also worth noting that with the increasing number of electronic vehicles across the country, many startup companies may also introduce public chargers.
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So, considering all these, Tata Motors has changed its entire product portfolio and operations. It is working towards zero greenhouse emissions by 2045. Not only that, in a situation where it is inevitable to enter the eco-system for fully electric vehicles from traditional fuel, the goal is to become a 100% electric vehicle company in the world, according to the company.
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