- Tata Motors could end the financial year with the sales of more than 1,000 electric vehicles
- Tata Autocomp will make the battery backs and Tata Power will set up the charging infrastructure at strategic locations
According to a report by the Economic Times, Tata Motors will soon have about half-a-dozen vehicles. It aims to establish an early lead in the EV segment as it is been called the future of mobility.
The report also said that Tata Motors could end the financial year with sales of more than 1,000 electric vehicles. The company expects a mullti-fold jump in the coming two to three years.
EVs can make up for 10-15 per cent of the overall passenger vehicle market by 2025
According to the report, Shailesh Chandra, head of Tata Motors’ EV division said that with the introduction of new models and a decline in battery prices, EVs could make up for 10-15 per cent of the overall passenger vehicle market by 2025. This stands at one per cent now. Chandra added that with new models, personal buyers will go past the fleet segment. He added that the next Nexon EV is on its way.
Tata Autocomp will make the battery backs
According to the report, Tata Motors believes that when the price difference between EVs and conventional engines comes to about 20-25 per cent from about 40-45 per cent, the consumer will start switching to EVs. This is the reason the company plans to price the Nexon EV – SUV at about Rs 15-17 lakh.
As per the report, Tata Autocomp will make the battery backs. Tata Chemicals is looking for partnership options to make the cells locally. Tata Power is setting up charging infrastructure at strategic locations.
