September 30, 2022

Tata Motors has high hopes from its electric vehicle division, with a large stake in SAIL

Automobile major Tata Motors expects 20 percent of its total passenger vehicle sales in the domestic market to come from electric vehicles (EVs) over the next three years. A senior official of the company informed this information on Thursday.

Tata Motors expects electric vehicles (EVs) to account for 20 percent of its total passenger vehicle sales in the domestic market over the next three years.

Automobile major Tata Motors expects 20 percent of its total passenger vehicle sales in the domestic market to come from electric vehicles (EVs) over the next three years. A senior official of the company informed this information on Thursday. The company expects total EV sales to touch the 50,000 unit mark this year.

The company’s focus is also on flex-fuel

Tata Motors has electric models like Nexon EV and Tigor EV. It is also working on flex-fuel (fuel made from a mixture of petrol and methanol or ethanol). The company’s product portfolio is expected to be E20 (20 percent ethanol) compliant by 2025.

Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Shailesh Chandra, managing director of Tata Motors Passenger Electric Mobility, told reporters here on the sidelines of SIAM’s annual conference on EV sales levels, “currently the presence of electric vehicles is between eight and 8.5. percent and about 25 percent of our models run on electricity.

Asked how the company sees EV penetration in its passenger car portfolio in three years, he said, “I think it’s heading towards 20 percent.”

Let us tell you that domestic vehicle manufacturer Tata Motors is planning to introduce new products and expand the range of existing models. So that it can maintain its position in the SUV segment amid increasing competition from other brands. A senior company official said that keeping in mind the customer demand, the company is working on new variants of popular existing models like Punch, Nexon, Harrier and Safari with some additional features.

Tata Motors Passenger Vehicles Vice President (Sales, Marketing and Consumer Care) Rajan Amba told PTI that it plans to expand into the SUV segment. For this, new names and variants will be added at regular intervals and thus increase the consumer base, he added.

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