- Tata Motors (NYSE:TTM) says it plans to launch a new electric vehicle in 2020.
- Tata CEO Guenter Butschek says the support of the Indian government and a recent cut in taxes on electric vehicles is making it easier to move ahead with EV production.
- Butschek thinks mainstream EV production is now possible.
- Shares of Tata Motors are down 3.88% premarket.