Tata Motors Advocates for Expanded Truck Coverage and Hydrogen Technology in FAME III Scheme
Key Ideas
- Tata Motors is urging for the inclusion of light, medium, and heavy-duty trucks as well as hydrogen technology in the FAME III scheme to drive growth in the commercial vehicle industry.
- The company reported a 4% decline in the commercial vehicle sector for July and August due to factors like lower fleet utilization and reduced diesel consumption.
- Tata Motors is optimistic about an uptick in demand post-monsoons and anticipates flat growth by FY25, supported by advancements in electric, fuel cell, and hydrogen technologies.
- The automaker is also focusing on expanding its product range with new variants, launches, and a continued emphasis on introducing electric, CNG, and LNG fuel options.
Tata Motors, led by Executive Director Girish Wagh, is pushing for the extension of the FAME III scheme to cover light, medium, and heavy-duty trucks in addition to hydrogen technology. The company aims to drive growth in the commercial vehicle sector through fuel-agnostic platforms supporting electric, hydrogen, and natural gas. Wagh emphasized the importance of autonomous technologies in commercial vehicles and stressed the need for clarity on FAME incentives, especially the inclusion of N2 and N3 trucks alongside private buses. Despite a 4% decline in the commercial vehicle industry in July and August attributed to lower fleet utilization and decreased diesel consumption, Tata Motors anticipates a revival post-monsoons with improved mining activity. With a portfolio ranging from half a tonne payload to 55-tonne gross vehicle weight, the company plans to introduce new variants and launches, focusing on electric vehicles while also exploring CNG and LNG fuel options. Wagh highlighted Tata Motors' advancements in battery electric, fuel cell electric, and hydrogen technologies, with a focus on advancing alternate fuel sources. The company is optimistic about the future, expecting growth by FY25 and continuing to invest in autonomous technology to enhance productivity in commercial vehicles.
Topics
India
Electric Vehicles
Government Policy
Automotive
Commercial Vehicles
Autonomous Technology
Industry Outlook
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