Tata Motors and Drivn Target 1,000 Electric Truck Deployments

On August 20, Tata Motors signed a memorandum of understanding (MoU) with Drivn, an electric vehicle leasing platform focused on heavy commercial fleets, to explore leasing-based deployment of electric commercial vehicles in India. Under the arrangement, the companies intend to deploy more than 1,000 electric trucks over the next two years. The agreement is focused on using a leasing-based approach to support the deployment of electric commercial vehicles for fleet operators.

As part of the partnership, Drivn will provide customised operating lease solutions for Tata Motors’ electric commercial vehicle portfolio, with fleet operators identified as the target customer group. Tata Motors’ electric truck range currently spans vehicles from 7 tonnes to 55 tonnes, covering a broad range of heavy commercial vehicle applications. The MoU therefore establishes a framework for exploring leasing-based deployment across Tata Motors’ electric truck portfolio, with the companies targeting more than 1,000 vehicle deployments during the two-year period.

Frequently Asked Questions

What is the Tata Motors and Drivn partnership focused on?
The partnership focuses on exploring leasing-based deployment of electric commercial vehicles for heavy commercial fleets in India. Under the memorandum of understanding, Drivn will provide customised operating lease solutions for Tata Motors’ electric commercial vehicle portfolio, targeting fleet operators. The companies intend to deploy more than 1,000 electric trucks over the next two years through the arrangement. Tata Motors’ electric truck portfolio spans vehicles ranging from 7 tonnes to 55 tonnes, providing the vehicle range covered by the planned deployment initiative.