Team Blitz India
NEW DELHI: Tata Motors announced on June 12 that it plans to invest Rs 18,000 crore into its electric vehicle (EV) division until 2029–30 (FY30). The company, which currently sells four electric car (e-car) models, aims to launch six more by March 2026.
India’s third-largest carmaker by sales targets achieving a 20 per cent share in the passenger vehicle (PV) market by FY30.
In 2023–24 (FY24), it held a 13.81 per cent share in the Indian PV market in volume terms, according to data from the Society of Indian Automobile Manufacturers.
In a presentation to investors, Tata Motors outlined its proactive strategy to drive the “mainstreaming” of EVs in India. This strategy includes expanding its EV product portfolio to offer a wider range of options with improved range (distance driven per charge) and achieving price parity with internal combustion engine (ICE) cars.
Additionally, the company plans to increase the number of e-car dealerships to 50 cities within the next 24 months.
Collaborating with private charge point operators such as ChargeZone, Glida, and Statiq, Tata Motors aims to increase the number of public charge points across the country tenfold, reaching about 100,000 by FY30.
