A Jersey City journalist is recovering after being struck by a vehicle in a hit-and-run that ended in a violent multi-car crash and a string of charges against the driver, authorities said. According to police and witness accounts, the collision occurred in Jersey City when a vehicle struck a pedestrian and left the scene. The victim, a local journalist, was thrown to the ground and suffered injuries that required medical treatment. Instead of stopping, the driver, a resident in Bayonne New Jersey, Laura Castaneda, allegedly fled the area at a high rate of speed. Witnesses told investigators that the vehicle was seen traveling at what they believed to be more than 90 miles per hour along West Side Avenue, heading in the direction of Bayonne. Within seconds, the driver reportedly lost control and crashed into three parked vehicles, totaling all three as well as the vehicle they were driving. Emergency responders arrived on scene to find significant damage to the parked cars and debri...
The investment will primarily focus on expanding Tata Motors’ EV portfolio, enhancing battery technology, and building a robust charging infrastructure across India. The company aims to launch 10 new electric vehicle models by 2030, catering to both domestic and international markets. Additionally, a significant portion of the funds will be allocated to developing advanced internal combustion engine (ICE) and hybrid vehicles, ensuring a diverse product range to meet varied consumer preferences.
“We are at a pivotal moment in the automotive industry, where sustainability and innovation are driving the future,” said N. Chandrasekaran, Chairman of Tata Motors. “This $4 billion investment reflects our vision to lead India’s transition to electric mobility while continuing to deliver world-class vehicles that resonate with our customers.”
Tata Motors, already a frontrunner in India’s EV space with models like the Nexon EV and Tigor EV, plans to leverage its expertise to capture a larger share of the market. The company will also invest in research and development to improve battery efficiency and reduce costs, making EVs more accessible to Indian consumers. Partnerships with global technology firms and local startups are expected to play a key role in achieving these goals.
The investment will also support the expansion of Tata’s manufacturing capabilities, including upgrades to its plants in Pune and Sanand. The company aims to create thousands of new jobs, boosting local economies and fostering skill development in cutting-edge automotive technologies.
Industry analysts view the move as a strategic response to India’s push for cleaner energy and stricter emission norms. The government’s target of 30% EV adoption by 2030, coupled with incentives like the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, provides a conducive environment for Tata Motors’ ambitious plans.
“Tata Motors is well-positioned to capitalize on the EV boom, given its early mover advantage and strong brand loyalty,” said Rhea Sharma, an automotive analyst at Market Insights India. “This investment could solidify its leadership in the Indian EV market and make it a formidable player globally.”
The announcement has already generated buzz in the stock market, with Tata Motors’ shares rising 3.5% on the Bombay Stock Exchange following the news. The company’s focus on sustainability is also expected to resonate with environmentally conscious consumers, further strengthening its brand image.
As part of its broader vision, Tata Motors plans to collaborate with its parent company, Tata Group, to integrate renewable energy solutions into its EV ecosystem. This includes exploring solar-powered charging stations and green manufacturing processes to minimize the company’s carbon footprint.
With this $4 billion investment, Tata Motors is poised to drive India’s automotive industry into a new era of innovation and sustainability, setting the stage for a cleaner, greener future on the roads.