Real-time Stock quotes, portfolio, LIVE TV and more.
Jun 20, 2012, 10.29 PM IST
Diversified business house Tata group is developing an electric car that is expected to be priced below USD 20,000 (over Rs 10 lakh) in partnership with France's Dassault Systemes.
The group's engineering services outsourcing and product development IT services arm, Tata Technologies has completed the first feasibility study of the electric vehicle using Dassault Systemes' 3DEXPERIENCE Platform.
In a statement, Tata Technologies President (Vehicle Programs and Development Group) Kevin Fisher said the company is working on with Dassault Systemes to "leverage the talents of a global engineering team to meet numerous design and cost constraints, as well as create the targeted user experience, including a final vehicle price tag of under USD 20,000."
The statement, however, did not share other details such as when the vehicle is likely to be launched or how much the company is investing to develop the product.
With the help of Dassault Systemes' technologies, the Tata group firm had completed its first electric MObility (eMO) study, demonstrating the feasibility of developing an electric vehicle at an attractive price, the company said.
The company said a significant challenge in the development process was the requirement to fit all the vehicle systems into a small footprint, while maintaining spacious seating for four adults.
May 23 2013, 16:33
- in Asian markets
May 23 2013, 09:33
- in Technicals