Tata Motors, which dominates the local EV market with a share of more than 70%, wants New Delhi to help replicate an enabling environment similar to the one in China that has pledged to support adoption of electric vehicles until unit sales touched at least a fifth of all new cars sold.
To expand the content portfolio, the company filed for IPO on August 14 and received National Stock Exchange (NSE) approval in September. The size of the IPO stands at Rs 21 crore.