Tech

Tata Launches 12 Cars, Including 5 Electric Vehicles and 14 Trucks At Auto Expo 2023


Tata Motors plans to expand its electric vehicle portfolio with new models and higher prices, its chief executive said on Wednesday, as it looks to consolidate its lead with investment way is the best selling electric vehicle (EV) company in India.

Shailesh Chandra, CEO of Tata engine Passenger vehicle and its vehicles tram subsidiary told Reuters on the sidelines of India auto show auto show.

“Customer needs are becoming very personal,” said Chandra. “Looking forward, we will maintain our momentum and look to further strengthen our portfolio.”

The company displayed 12 cars, including five electric models and 14 trucks, including those powered by hydrogen fuel cells, as the company wanted to increase its push for clean vehicles.

Chandra says these vehicles include electric versions of the popular Harrier and Sierra SUVs as well as a concept car based on a new electric vehicle platform, which is expected to launch in late 2025.

With sales of 50,000 electric vehicles, tata dominates India’s electric vehicle market, thanks to government subsidies and high import taxes, and outlined plans to launch 10 electric vehicle models by March 2026.

India’s car market is very small compared to its population, with electric models accounting for only 1% of total car sales of around 3 million units a year, but the government wants to increase this share to 30 % by 2030.

“The transition to electric vehicles in India will be much faster than we imagined. We believe we have chosen the right strategy,” said N Chandrasekaran, President of Tata Motors. , said in the event.

Tata Motors’ key position also comes from partnering with other Tata group companies such as Tata AutoComp providing EV parts such as batteries and motors, and Tata Power setting up charging stations in cities and along the highway.

Chandra said the automaker is looking at opportunities to produce and supply more parts like batteries and engines locally, and is also studying potential export markets for the car. your electricity.

Tata, India’s third largest carmaker, in 2021 raised $1 billion (approximately Rs 8,165) from TPG for its EV unit at a $9 billion (roughly Rs 73,500) valuation. ). Chandra said it now has enough money to meet expansion needs.

© Thomson Reuters 2023


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