{"id":1303024,"date":"2025-11-30T13:20:22","date_gmt":"2025-11-30T07:50:22","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1303024"},"modified":"2025-11-30T13:20:54","modified_gmt":"2025-11-30T07:50:54","slug":"tata-motors-claims-electric-vehicle-will-cost-same-as-petrol-diesel-vehicles-by-2030","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/tata-motors-claims-electric-vehicle-will-cost-same-as-petrol-diesel-vehicles-by-2030\/","title":{"rendered":"Tata Motors Claims Electric Vehicle Will Cost Same As Petrol\/Diesel Vehicles By 2030"},"content":{"rendered":"\n<p>India\u2019s electric vehicle market is expected to grow quickly as more companies enter the space and battery technology becomes cheaper, according to a Tata Motors Passenger Vehicles executive.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/11\/Untitled-design-44-1280x720-1-1024x576.jpeg\" alt=\"Tata Motors Claims Electric Vehicle Will Cost Same As Petrol\/Diesel Vehicles By 2030\" class=\"wp-image-1303101\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/11\/Untitled-design-44-1280x720-1-1024x576.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/11\/Untitled-design-44-1280x720-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/11\/Untitled-design-44-1280x720-1-768x432.jpeg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/11\/Untitled-design-44-1280x720-1.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>EVs now make up more than 5% of new vehicle sales in India, compared to 2.5% last year, said CEO Shailesh Chandra.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>India\u2019s EV Sales Surge as Technology Costs Fall and New Players Enter the Market<\/strong><\/h2>\n\n\n\n<p>Chandra expects Tata Motors \u2014 currently the biggest EV seller in India \u2014 to have nearly one-third of its total sales come from EVs by 2030, reaffirming a previous goal.<\/p>\n\n\n\n<p>India is emerging as a major growth market for EVs while adoption slows in China and Europe, attracting global investment and competitive pricing that may further reduce costs.<\/p>\n\n\n\n<p>The entry of Tesla and VinFast this year, along with Chinese and domestic competitors, marks a major shift for India\u2019s auto industry, with options ranging from low-cost to luxury EVs.<\/p>\n\n\n\n<p>Tata Motors, which also owns Jaguar Land Rover, covers both affordable and premium EV segments.<\/p>\n\n\n\n<p>Increasing competition is reducing Tata\u2019s market dominance. Their EV market share dropped from 59% last year to 35% in the first eight months of this year.<\/p>\n\n\n\n<p>As per reports, JSW MG Motor India now holds 30% of the EV market, up from 25%, and Mahindra &amp; Mahindra controls 22.6%.<\/p>\n\n\n\n<p>Chandra said, \u201cIt\u2019s a good thing because that is what is creating excitement in the market,\u201d adding that multiple strong products from different brands help build consumer confidence.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Automakers Aim to Cut EV Costs by Streamlining Key Components<\/strong><\/h2>\n\n\n\n<p>He explained that EV costs will continue to fall as automakers integrate more key components beyond just lithium-ion batteries.<\/p>\n\n\n\n<p>Power and control systems that previously required many parts are now being combined into compact modules, making manufacturing cheaper and more efficient.<\/p>\n\n\n\n<p>Chandra said, \u201cWhat used to be multiple separate parts are now being merged into single units,\u201d noting that this shift is lowering production costs.<\/p>\n\n\n\n<p>He believes the tipping point will be around 2030, when entry-level EVs will cost the same as gasoline cars while offering about 400 km (249 miles) of range.<\/p>\n\n\n\n<p>Currently, the most affordable EVs cost 25\u201330% more than gasoline cars and provide less than 300 km per charge.<\/p>\n\n\n\n<p>EV growth in India may face competition from hybrid vehicles, which run on both fuel and batteries and may appeal to drivers due to India\u2019s limited charging infrastructure.<\/p>\n\n\n\n<p>Hyundai and Kia are among automakers preparing hybrid models for the Indian market.<\/p>\n\n\n\n<p>The Indian government also introduced consumption tax cuts in September, making gasoline cars cheaper.<\/p>\n\n\n\n<p>Despite these challenges, BloombergNEF predicts EV sales will continue rising as automakers expand their offerings and battery prices decline, potentially surpassing 650,000 units by 2030.<\/p>\n\n\n\n<p>Tata Motors remains the EV market leader largely because of its smaller and more affordable models.<\/p>\n\n\n\n<p>Chandra said the company aims to increase its market share to between 45% and 50% through a wider range of both premium and mass-market EVs.<\/p>\n\n\n\n<p>Tata has launched the new Sierra SUV, reviving a popular model from the 1990s, positioning it as a \u201cpremium mid-SUV.\u201d<\/p>\n\n\n\n<p>An electric version of the Sierra is expected early next year, reinforcing Tata\u2019s commitment to expanding EV options across multiple vehicle categories.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s electric vehicle market is expected to grow quickly as more companies enter the space and battery technology becomes cheaper, according to a Tata Motors Passenger Vehicles executive. EVs now make up more than 5% of new vehicle sales in India, compared to 2.5% last year, said CEO Shailesh Chandra. India\u2019s EV Sales Surge as [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":1303101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[124],"tags":[3521,224],"class_list":["post-1303024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automobile","tag-electric","tag-tata-motors"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Motors Claims Electric Vehicle Will Cost Same As Petrol\/Diesel Vehicles By 2030 - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/tata-motors-claims-electric-vehicle-will-cost-same-as-petrol-diesel-vehicles-by-2030\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tata Motors Claims Electric Vehicle Will Cost Same As Petrol\/Diesel Vehicles By 2030 - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"India\u2019s electric vehicle market is expected to grow quickly as more companies enter the space and battery technology becomes cheaper, according to a Tata Motors Passenger Vehicles executive. 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