Tata Motors on Monday became the second company after Mahindra and Mahindra (M&M) to create an electric vehicle vertical which would tap into the full potential of this emerging technology.\u00a0 The company also appointed Shailesh Chandra the head of this vertical. Earlier, the electric vehicle initiative of Tata Motors was being run through a project office. \u201cChandra will lead the new vertical in addition to his current responsibility and will be redesignated as president - electric mobility business & corporate strategy, with immediate effect and will continue to be a member of the executive committee,\u201d Tata Motors said in BSE filing. \u201cCreation of this new business vertical will enable Tata Motors to deliver on\u00a0\u00a0its aspiration of providing innovative\u00a0 and competitive e-mobility solutions,\u201d it added. Tata Motors was the first company to have won in October 2017 the country\u2019s first contract to supply 10,000 electric cars to the government\u2019s Energy Efficiency Services (EESL). Later, M&M agreed to match Tata Motors\u2019 price and was given a portion of the contract. As a result, in the first phase of the project, 250 vehicles would be supplied by Tata Motors while M&M would supply 150. Tata Motors had agreed to supply the vehicles for a price of Rs 10.16 lakh which after GST comes to Rs 11.2 lakh per car. \u201cChandra has played an instrumental role in leading the project teams to deliver the EESL project and has been closely working with some of the group companies and other ecosystem partners in his current role,\u201d Tata Motors said. For the second phase of 9,500 cars, M&M will again be given the option of matching Tata Motors price for bagging 40% of the contract. With the formation of the dedicated vertical being headed by Chandra, Tata Motors apart from concentrating on the EESL tenders would also look at opportunities by various state governments in the area of electric vehicles, company officials said. The company\u2019s CEO and managing director, Guenter Butschek, said in a statement: \u201cTata Motors is optimistic about the future of electric vehicles and would like to lead the electric mobility evolution in the country.\u201d The company will also leverage on the capabilities of other Tata group companies to develop the full ecosystem and fast-track the adoption of e-mobility, he added.