Tata PV portfolio has a ratio of 60:40 in favor of electric vehicles and CNG vehicles by 2030
Tata Motors aims to increase the use of greener fuel solutions in its passenger vehicle product portfolio by up to 60%. According to a PTI report, the domestic automaker has said that it aims to have a penetration rate of up to 30% for CNG cars and up to 30% for electric vehicles by the end of the decade. The rest of the product portfolio will run on gasoline but with a high mix of fuel-efficient engines. The automaker currently dominates the Indian electric car market with nearly 85% market share. With the aforementioned strategy, Tata aims to continue that dominance.
Speaking about the automaker’s projected model-matching strategy by 2030, Tata Motors Passenger and Electric Vehicle CEO Shailesh Chandra said the mix ratio would be around 25- 30% for CNG, 25-30% for electric vehicles and the rest will be gasoline. “If we have to look at the end of the decade, the mix will be around 25-30% for CNG, 25-30% for EV and the rest will be gasoline, but with a high blend ratio of flexible fuels. because that’s the direction things are going,” Chandra said.
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Tata Motors, like many other car brands in India, is consciously moving away from diesel models. A major reason behind this is the increasing cost of producing diesel vehicles due to tightening emissions standards, which ultimately make diesel vehicles significantly more expensive than petrol engines. . With that in mind, Chandra believes the diesel car market share will drop significantly to less than 5% by the end of the decade.
Meanwhile, speaking of the car brand’s move to the second phase of BS 6 emissions norms, Chandra said that the company was on track and ahead of schedule. The stringent emissions norms that take the BS 6 standard to the next level will come into effect from 1 April this year. The report claims that Tata Motors will have to take a fresh look at the demand situation following the implementation of BS 6 Phase 2 emissions norms, with vehicle prices expected to increase due to the implementation of the new management mechanism. “In terms of action, we are open to taking very focused demand-generating initiatives, specifically in certain segments as well as hypermarkets,” Chandra noted.
First published date: February 5, 2023, 16:08 PM IST
