WEB DESK
Tata Motors would stimulate its presence in electric vehicles with plans of having 10 battery electric vehicles in less than four years, Chairman, N Chandrasekaran said.
Addressing shareholders in the 76th annual report Chandrasekaran said, “In India, electric vehicle (EV) penetration in our portfolio has now doubled to 2 percent this year and we expect penetration to increase exponentially in the coming years. 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 Nexon EV and Tigor EV – in the market. 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 more than 4,000 units since its launch in January 2020.
A similar EV change is programmed for the two British luxury automakers, Jaguar and Land Rover. Jaguar will become an all-electric luxury brand by 2025 followed by Land Rover which aims to generate 60 percent of its sales from EVs by 2030.
The Tata Group will invest in setting up charging infrastructure in addition to exploring partnerships in cell and battery manufacturing in India and outside.