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TATA Motors acquires stake in Miljo Grenland Innovasjon

Steel News - Published on Thu, 16 Oct 2008

Project today reported that TATA Motors\' subsidiary TATA Motors European Technical Center Plc has acquired 50.3% majority stake in Norway\'s Miljo Grenland Innovasjon.

Miljo will produce electric vehicles based on TATA Motors\' products, besides manufacturing of state of the art super polymer lithium ion batteries and the development of related technologies.

The first such vehicle to be developed by the company will be the electric version of Indica. It is scheduled for launch in Europe by 2009. The car Indica EV will be capable of carrying four people with a predicted range of up to 200 kilometer and acceleration of 0 to 60 kilometer per hour in less than 10 seconds.

Posted By : admin on Thu, 16 Oct 2008
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