Tata Motors Sees Hybrids, Electric Vehicles in Its Future
NEW DELHI: Homegrown auto major Tata Motors [BSE 0.44 %] is working on a slew of new products, including alternate fuels, hybrids and electric vehicles, to be launched over seven years, according to Chairman Cyrus Mistry.
Addressing shareholders in the annual report for 2012-13, Mistry also said the company's British arm Jaguar Land Rover plans to launch eight new or refreshed products this year, besides exploring further opportunities in other growing markets, including Brazil, India and Saudi Arabia.
"The company is working on a slew of new products, with a plan running up to 2020; this includes appropriate focus on alternate fuels, hybrids and electric vehicles," he said.
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