Tata Motors Will Launch 10 Electric Cars In Next 1000 Days; Set Up Charging Facilities Across India
In less than a period of four years, Tata Motors, in order to accelerate its presence in electric vehicles is planning to launch 10 battery electric vehicles said the Chairman of Tata Motors, N Chandrasekaran.
10 Electric Cars Coming Soon
He said while addressing the shareholders during the 76th annual report, that the company has seen the penetration in electric vehicle (EV) doubling to 2 percent this year and is also expecting the penetration to increase exponentially in the coming years. Tata Motors plans to lead this change in the Indian market and come up with 10 new BEV vehicles.
With two fully electric models Nexon EV and Tigor EV – in the market, Tata Motors is the already largest EV player in the country. With Nexon EV selling more than 4,000 units since its launch in January 2020, it has become India’s best-selling electric passenger vehicle. The electric version of the Altroz is expected to be launched in the coming months.
Similar change is planned for the two British luxury automakers, Jaguar and Land Rover. While Land Rover aims to generate 60 percent of its sales from EVs by 2030, Jaguar has planned to become an all-electric luxury brand by 2025.
Charging Infrastructure, Partnerships & New Engineering Vertical
Chandrasekaran added that in addition to exploring partnerships in cell and battery manufacturing in India and outside, the group will also invest in setting up the charging infrastructure.
Within the Group, Tata Motors is looking at setting up a software and engineering vertical said Chandrasekaran. This vertical will help the group to lead in a new world of connected and autonomous vehicles. In order to drive the change in consumer behaviour which is sustainable mobility, Tata Group will move forward with speed and scale to seize this said the Chairman.
Tata Motors is undergoing its biggest shake-up ever with its plans of hiving off the passenger vehicle business and also the electrification of the british brands in its portfolio, i.e. Jaguar and Land Rover.
The company is also planning to complete the subsidiarisation programme of its passenger vehicle (PV) business by the end of the September quarter. This shall pave the way for onboarding a partner.
The passenger vehicle division which looks into the into development, manufacture, distribution and sale of cars, SUVs and vans shall be hived off into a separate entity. This move shall facilitate the selling the stakes in the same to a strategic partner.