India, April 27 -- Tata Passenger Electric Mobility, the electric mobility arm of Tata Motors, has announced signing a Memorandum of Understanding (MoU) with Vertelo, a Macquarie-managed integrated fleet electrification platform. As part of the agreement, the automaker will deliver 2,000 Xpress-T EVs to the company. The automaker also revealed that the EVs will be handed over in a phased manner.

Commenting on the occasion, Vivek Srivatsa, Chief Commercial Officer - Tata Passenger Electric Mobility, said, " We are delighted to partner with Vertelo in their effort to increase EV adoption in India. With over 89 per cent market share in FY 24, the fleet segment has seen rapid adoption by Corporates and Institutions. The XPRES-T EV has proven...