The market leader in India’s growing EV industry, Tata Motors, has signed an MoU with Everest Fleet Private Limited for the delivery of 5000 XPRES-T EVs. Tata is moving to accelerated the transition to sustainable transportation in India by manufacturing affordable electric vehicles. Tata has already handed over the first 100 cars to Everest Fleet Private Limited as part of the celebrations of the landmark deal.
Over the past 10 years or so, a lot of new energy vehicle startups, and also legacy OEMs, have followed the same formula of starting with top of the range ($70,000+) electric vehicles and then move slowly to develop lower priced versions. The majority of car buyers can’t afford those kinds of vehicles. The good news is that truly affordable electric vehicles that meet most people’s needs are finally starting to arrive now in some markets around the world.
Tata Motors has been revolutionizing the Indian automotive market with its pioneering efforts and is leading the e-mobility wave in India with a commanding market share of 87% in FY’22 and over 50,000 Tata EVs rolled out from the plant to date in the personal and fleet segment. In an effort to make EVs even more accessible to all, Tata Motors is working closely with other Tata Group companies including Tata Power, Tata Chemicals, Tata Auto Components, Tata Motors Finance, and Croma, to contribute to the faster adoption of EVs in India through its EV ecosystem called the Tata uniEVerse.
According to Mr. Siddharth Ladsariya, Founder, Everest Fleet Private Limited, “Everest Fleet is a purpose-led organisation with a deep focus on sustainable mobility solutions. At Everest Fleet, we are paving the way for a better India, one kilometer at a time. Time has come to now take our 100% CNG cars’ fleet towards a greener and cleaner alternative – Electric Vehicle. We are really looking forward for this EV journey together with Tata Motors as a strategic partner.”
