Tata Motors has announced that it has incorporated a wholly-owned subsidiary, viz., 'TML Smart City Mobility Solutions' for undertaking urban mass mobility business inter alia under an own, operate, and maintain model.
With the unveiling of TML Smart City Mobility Solutions (TSCMSL), the Company aims to bring specific focus to its Electric Vehicles (EV) segment as a service offering across its portfolio of commercial vehicles.
In addition to existing State Transport Units (STUs) and government fleets, TSCMSL will also provide all business opportunities across passenger mobility applications. The Company already has ~650 EV buses plying on roads across various cities in India with a cumulative coverage of >35 million kms and has operationalized 250+ EV buses in FY22.