Tata Motors bags order for 5,000 XPRES-T EVs from Everest Fleet

1 min read 14 Dec 2022, 09:17 PM IST Join us

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The company handed over 100 units to Mumbai-based Everest Fleet on Wednesday

Tata Motors is betting on its high-intensity of launches to retain its pole position, as other mass-market auto companies are also looking to have multiple products built on dedicated, ground-up EV platforms. Bloomberg

Tata Motors on Wednesday said it has inked a pact with Everest Fleet Pvt Ltd to supply 5,000 units of XPRES-T EVs.

The company handed over 100 units to Mumbai-based Everest Fleet on Wednesday, as a part of the deal.

"Through such partnerships, we are successfully moving towards enhancing EV adoption in India," Tata Motors Passenger Vehicle Senior General Manager, Network Management and EV Sales Ramesh Dorairajan said in a statement.

In July 2021, Tata Motors launched the 'XPRES' brand exclusively for fleet customers, and the XPRES-T EV is the first vehicle under this brand.

The new XPRES-T electric sedan comes with two range options -- 213km and 165km (ARAI certified range under test conditions).

Automobile major Tata Motors reported a consolidated net loss of ₹944.61 crore for the second quarter ending September (Q2FY23). The company had posted a net loss of ₹4,441.57 crore in the year-ago period (Q2FY22) and ₹5,006.60 crore in the previous June quarter (Q1FY23), respectively.

The company's scrip was down by 0.13 per cent at ₹417.95 on BSE.

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