With India's foot on EV pedal, Tata Tech expects 35% biz recharge

Tata arm sets target of becoming 'half-a-billion-dollar' firm by end-FY22

Tata Technologies (Tata Tech), the engineering services and product development arm of Tata Group, has said the company is expecting a growth of over 35 per cent in its business in the current financial year (2021-22, or FY22), driven by recovery-driven investments in the automotive sector and companies lining up long-term plans for electric vehicles (EVs) globally.

“We expect a rise of 35 per cent in our business in FY22. There are a number of reasons for this growth, including a drop in demand last year. Our clients are investing in new products and in the digitisation of their enterprise,”