Tata-Group EV-Infra Company Joins Hands with VE Commercial Vehicles to Accelerate Electric Mobility
DSIJ Intelligence-1 / 30 Sep 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of over 600 per cent in 5 years with a PE of 30x, an ROE of 11 per cent and an ROCE of 11 per cent.
Tata Power EV Charging Solutions Limited (TPEVCSL) and VE Commercial Vehicles Limited (VECV) have announced a major partnership to accelerate the adoption of electric commercial vehicles in India. The collaboration will initially focus on the recently launched Eicher Pro X range of Small Commercial Vehicles, as VECV is a leading manufacturer with a broad portfolio of electric trucks and buses. This landmark move aims to help transform India’s commercial mobility landscape towards a greener future.
Under the Memorandum of Understanding, the two companies will support operators introducing electric vehicles into their fleets. TPEVCSL will provide its extensive EV charging infrastructure and customised charging expertise, while VECV will contribute its domain knowledge in energy efficiency to optimise vehicle performance and energy usage. The goal is to ensure that Eicher electric trucks and buses are perfectly suited for end-user applications. This joint effort will also actively promote the transition to electric mobility among Eicher Trucks and Buses customers.
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The partnership is strategically designed to overcome common barriers to adoption, such as range anxiety, limited charging infrastructure, and cost-related issues. By combining innovative technologies, TPEVCSL’s network of over 5,500 public and fleet charging points across 630+ cities, and VECV's vehicle expertise, this collaboration represents a transformative step. Together, TPEVCSL and VECV are committed to modernising India’s commercial mobility landscape, paving the way for a more sustainable and efficient commercial vehicle ecosystem.
About the Company
Tata Power Company Ltd, a leading integrated power company under India's largest conglomerate, Tata Group, boasts a diverse portfolio of 14,707 MW spanning the entire power spectrum. This includes the generation of both renewable and conventional energy, along with transmission, distribution, trading, storage solutions and even Solar cell and module manufacturing. As champions for clean energy, they've committed to achieving carbon neutrality before 2045. Beyond generation, Tata Power has established India's most comprehensive clean energy platform, offering rooftop solar solutions, microgrids, storage solutions, EV charging stations and home automation systems.
According to Quarterly Results, the net sales increased by 4 per cent to Rs 18,035 crore and net profit increased by 6 per cent to Rs 1,262 crore in Q1FY26 compared to Q1FY25. In its annual results, the net sales increased by 5 per cent to Rs 64,502 crore and net profit increased by 12 per cent to Rs 4,775 crore in FY25 compared to FY25.
The company has a market cap of over Rs 1.20 lakh crore and has delivered good profit growth of 50 per cent CAGR over the last 5 years. The stock gave multibagger returns of over 600 per cent in 5 years with a PE of 30x, an ROE of 11 per cent and an ROCE of 11 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.