Tata Motors' subsidiary Tata Motors
European Technical Center Plc has acquired 50.3 per cent majority stake in
Norway's Miljo Grenland Innovasjon.
Miljo will produce electric vehicles
based on Tata Motors' products, besides manufacturing of state-of-the-art super
polymer lithium ion batteries and the development of related technologies.
The first vehicle to be developed
by the company will be the electric version of Indica. It is scheduled for
launch in Europe by 2009. The car - Indica EV - will be capable of seating four
people with a predicted range of up to 200 km and acceleration of 0-60 kmph in
less than 10 seconds.