Tata Motors Says Under Pressure Due to 20 Percent Rise in Battery Cell Cost : Rashtra News #Tata #Motors #Pressure #Due #Percent #Rise #Battery #Cell #Cost Tata Motors, India's top-selling electric carmaker, said the cost of battery cells had increased by around 20 percent because of a global surge in raw material prices, mainly lithium,
Shailesh Chandra, managing director of the passenger vehicles and electric mobility subsidiaries, said that cell prices have been rising over months and he expects them to remain high for about a year.
NEW DELHI: Tata Motors, India’s top-selling electric carmaker, said the cost of battery cells had increased by around 20 percent because of a global surge in raw material prices, mainly lithium, putting pressure on the company in the short-term. Shailesh Chandra, managing director of the passenger vehicles and electric mobility subsidiaries, told Reuters that cell prices have