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Tata Motors has signed pacts with e-commerce companies for manufacturing as many as 39,000 Tata Ace electric vehicles (EVs).
Available in two variants, the flat bed variant is priced at Rs 3.99 lakh, while the half deck load body variant is tagged at Rs 4.10 lakh.
Tata Ace Gold is the first variant of the first four-wheel mini truck, popularly known as 'chhota hathi', since its launch in May 2005.
The Ace platform since the launch in 2005 has so far rolled out 15 variants, based on engine type, engine power and body configurations, the company said in a statement today.
The Mumbai-based company will utilise the USD 5.5 million fund it received from Sequoia Capital to expand business, Head Expansion at The Porter, Sadhanandhan N, said.
JLR's profit after tax may tank 57 percent to pound 393 million on weak operational performance and revenue is seen falling 3.6 percent to pound 5,160 million on lower volume growth year-on-year.
While medium and heavy trucks have had a bumpy ride over the last one year amid the overall economic slowdown, even small trucks like Tata Ace and Ashok Leyland Dost are now finding few takers.
Utility vehicle maker Mahindra & Mahindra plans to launch a new compact (micro-mini) truck, in the 0.5 ton payload segment, a top company official said on Monday.
