8MAY 2024TATA MOTORS INVESTS $1B: EXPANDS LUXURY CAR PRODUCTION IN TAMIL NADUNTPC GREEN & INDUS TOWERS SIGN PACT TO DEVELOP RENEWABLE ENERGY PROJECTSTOPSTORIESNtpc Green Energy a subsidiary of NTPC has signed an agreement with Indus Towers to address the requirement for pacing environmentally friendly green energy goals and the GoI's endeavors towards a carbon-neutral economy. The Memorandum of Understanding will investigate the joint improvement of matrix-associated sustainable power-based power projects, including wind, solar and energy capacity and an organization explanation added.Indus Towers a telecommunications company, expects to grow its environmentally friendly power portfolio in a staged way to the giga-watt (GW) scale limit for its business tasks nationwide on account of its net zero responsibilities.The MoU was endorsed by Soumya Kanti Chowdhuri, Chief General Manager, NGEL and Vikas Poddar, Chief Financial Officer (CFO), ITL, in the presence of other senior authorities from NTPC and ITL.NTPC is India's biggest power utility, with the center business of power generation having a total installed limit of 76 GW. It has aggressive plans to reach 60 GW of Renewable Energy by 2032; presently, it has 3.5 GW of installed RE limit and 28+ GW under pipeline.ITL, the nation's driving passive telecom framework supplier, conveys, claims, and oversees more than 211,775 telecom towers and correspondence structures. With a presence in the 22 telecom circles, Indus Towers takes special care of wireless telecommunication service providers in India. Tata Motors aims to boost its production potential by investing $1 billion in an ultra-modern plant that will be situated in Tamil Nadu state, southern India. The sources who are in the knowledge of the company's strategies revealed it that the plant will be engaged in making of the luxury vehicles under the banner of Jaguar Land Rover (JLR) according to sources. Tata Motors announces the investment in March, but the details about the brands of the cars being manufactured were not previously known until the current time. This latest example shows the deliberate strategy of the company to more completely and profitably assimilate JLR into its operations, which is a result of its acquisition of the luxury brand in 2008.Apart from that, the Indian automaker has already demonstrated that its wholesales worldwide are increasing once again over the fourth quarter of 2023-2024. Comprising up to 377,432 units, this figure is the growth of approximately eight percent as compared to the incomparable time a year ago. What is remarkable about this report is the fact that the passenger vehicles segment, which is made up of electric vehicles, performed strongly by boosting the number of units sold by 15 percentage points. The number of units for the same period reached 155,651.
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