Thursday, September 24, 2009

Tata secures loan to develop electric cars

The Tata Motors European Technical Centre (TMETC), which is based in the University of Warwick Campus has secured a £10 million loan from British Government to produce a four seater electric car. Tata Motors will pump in a further £25 million.

The car which is based on the Tata Indica Vista is expected to go into production by the end of this year.

The Tata Indica Vista

TMETC was set up in the UK in 2005 as a 100% subsidiary of Tata Motors. The centre is engaged in design engineering and the development of products for the automotive industry.

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