India's largest commercial vehicle manufacturer, Tata Motors, is eyeing the last mile delivery segment to cater to e-commerce players such as Amazon and Flipkart.
The company is currently developing small electric commercial vehicles to take on the M&M Treo and other startups that have recently launched products in the segment.
While responding to the query in a media roundtable, Girish Wagh, Executive Director, Tata Motors, said, 'We are working with a few e-commerce players for the last-mile delivery products. This is the segment that will see rapid electrification.'
He added, 'Apart from working on the last mile electric product, we are also working on other aspects such as charging infrastructure and financing in order to provide holistic solutions.'
Tata Motors, as a company, has been bullish about electric technology. The company has supplied over 600 electric buses in nine major cities. Moreover, the group company has hived off a new passenger vehicle entity to sell EVs. Moreover, it has also introduced fuel-cell buses along with IOC.
On Thursday, the company introduced 21 new commercial vehicles across segments.
On the commercial vehicle segment outlook, Wagh said the second of the fiscal year looks positive and would be better than the first half.
'We are quite hopeful about the second half of this year. This is the reason we have brought 21 new commercial vehicles to capture the rising demand,' he said.
However, the semiconductor shortage is still a concern as the global automotive industry is impacted. We are deploying all the strategies in order to mitigate this and trying to replace semiconductors with alternate solutions without impacting the functionality,' Wagh added.