Tata Motors Teams Up with Vertelo to Boost EV Leasing for Commercial Vehicles

Tata Motors has announced a collaboration with Vertelo, an electric mobility solutions provider, to offer tailored leasing options for its electric commercial vehicles (EVs). The agreement, formalised through a MoU, aims to make the transition to sustainable transport more accessible for fleet operators across India.

Purpose of the Collaboration

This partnership is expected to simplify the shift to electric mobility by providing cost-effective and customised leasing plans for Tata Motors' full range of electric commercial vehicles. Rajesh Kaul, Vice President and Business Head – Trucks at Tata Motors Commercial Vehicles, said the objective is to make electric mobility more accessible to all and strengthen the EV ecosystem in the country.

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Vertelo’s Role and Outlook

Sandeep Gambhir, CEO of Vertelo, emphasised that the tie-up would accelerate EV adoption across different segments, including electric buses, trucks, and small commercial vehicles. He added that bespoke leasing solutions will help build a strong, sustainable ecosystem that encourages fleet operators to choose electric vehicles over conventional ones.

Tata Motors’ EV Line-up

Tata Motors currently offers the Tata Ace EV for last-mile deliveries and the Tata Ultra and Tata Starbus models for mass mobility. The company has also unveiled several advanced EVs such as the Tata Prima E.55S, Ultra E.12, Magna EV Bus, Ultra EV 9 Bus, Intercity EV 2.0 Bus, Ace Pro EV, and Intra EV. These products cater to a wide range of applications, supporting the diverse needs of customers in the commercial vehicle segment.

About Tata Motors

Tata Motors is a leading global automobile company under the Tata Group, offering a broad portfolio that includes cars, SUVs, trucks, buses, and defence vehicles. With operations in India and several other countries including the UK, South Korea, South Africa, and China, the company operates globally through subsidiaries and partnerships. Notable ventures include Jaguar Land Rover in the UK and Tata Daewoo in South Korea.

Share Price Movement 

As of 2:02 PM on May 15, 2025, Tata Motors share price (NSE: TATAMOTORS) was trading at ₹725.25, up ₹26.30 or 3.76% for the day. The stock opened at ₹698.75 and touched an intraday high of ₹727.00 and a low of ₹696.15. 

Tata Motors has a market capitalisation of ₹2.67 lakh crore, a price-to-earnings (P/E) ratio of 9.21, and offers a dividend yield of 0.41%. The stock’s 52-week high stands at ₹1,179.00, while the 52-week low is ₹535.75. The company has declared a quarterly dividend amount of ₹0.74 per share.

Conclusion

This partnership marks a strategic step in Tata Motors’ commitment to promote electric mobility in India. By making EVs more financially accessible through leasing, the company is enabling a faster, smoother transition for commercial fleet owners. Combined with its growing electric vehicle portfolio, Tata Motors continues to lead the charge toward a greener and more sustainable future in transportation.

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