Tata Motors to introduce 10 new electric vehicles by 2025: N Chandrasekaran, Tata Motors
In his address to the shareholders in the 76th Annual Report, N Chandrasekaran, chairman of Tata Motors, said, “By 2025, Tata Motors will have 10 new BEV vehicles, and as a Group, we will invest proactively to set up charging infrastructure across the country. In addition, the Tata Group is actively exploring partnerships in cell and battery manufacturing in India and Europe to secure our supplies of batteries.”
Led by sales of 4000 Tata Nexon electric vehicles, the EV penetration in the company’s portfolio has now doubled to 2% in FY-21, and it expects penetration to increase exponentially in the coming years.
“Tata Motors will lead this change in the Indian market. Your company will be the torch-bearer for green mobility in the automotive world and create a virtuous cycle of growth and returns for our shareholders too. We are clear that this shift to sustainable mobility is an idea whose time has come, and the Tata Group will move forward with speed and scale to seize this and proactively drive the change in consumer behaviour in India and beyond,” added Chandrasekaran.
To address the other future disruptions of autonomous, connected and shared mobility, Tata Motors is also evaluating an automotive software and engineering vertical within the Group that will help us lead in a new world of connected and autonomous vehicles, informed the chairman.
To be sure, Tata Motors Group is in the process of pivoting its underlying business model towards sustainable mobility. Jaguar Land Rover is targeting 100% zero tailpipe emissions for the portfolio it sells by 2036. Jaguar will become fully electric by 2025. 60% of Jaguar Land Rover’s volumes will be pure BEV vehicles by 2030.
