Tata’s Nexon EV is India’s best-selling electric passenger vehicle with sales of over 4,000 units since its launch in January 2020.
Tata Nexon Ev
Tata Motors will accelerate its presence in electric vehicles with plans to have 10 battery electric vehicles in less than four years. This information has been received from the company’s chairman N Chandrasekaran. Addressing the shareholders in the 76th Annual Report, Chandrasekaran said, “In India, the penetration of Electric Vehicles (EVs) in our portfolio has now doubled to 2 per cent this year and we expect rapid growth in the years to come. Huh. Tata Motors will lead this change in the Indian market. By 2025, Tata Motors will have 10 new BEV vehicles.
Tata Motors is the largest EV player in the country with two fully electric models in the market, the Nexon EV and the Tigor EV. The electric version of the Altroz is expected to be launched in the coming months. The Nexon EV is India’s best-selling electric passenger vehicle with sales of over 4,000 units since its launch in January 2020. Another EV will be programmed to compete with the two British luxury automakers, Jaguar and Land Rover.
The Tata Group will invest in setting up charging infrastructure, besides exploring partnerships in cell and battery manufacturing in India and beyond. Chandrasekaran said, “As a group, we will actively invest in setting up charging infrastructure across the country. In addition, the Tata Group is actively exploring partnerships in cell and battery manufacturing in India and Europe to secure our supply of batteries.”
Chandrasekaran also said that Tata Motors is looking at setting up a software and engineering vertical within the Tata Group.
Chandrasekaran said, “We are also evaluating an automotive software and engineering vertical within the group that will help us lead the way in a new world of connected and automatic vehicles. We are clear that this transition to sustainable mobility is an idea whose time has come, and the Tata Group will move with the speed and scale to capture it and actively drive consumer behavior change in India and beyond.”
With plans to close the passenger vehicle business, electrification of the model range under its namesake brand and Jaguar Land Rover, Tata Motors is undergoing its biggest transformation ever. Tata Motors expects to complete the subsidy program of its passenger vehicle business by the end of the September quarter, paving the way for the induction of a partner.
The Passenger Vehicles division, which looks after the development, manufacturing, delivery and sales of cars, SUVs and vans, is being split into a separate unit, allowing the company to sell its stake to a strategic partner.
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