Tata Motors anticipates EVs to contribute 20% to PV sales by 2027-28
Tata Motors anticipates its EV sales to grow in the domestic market substantially in the coming years, and it is even eyeing international markets.
In the Indian car market, the EV space is growimg steadily, and Tata Motors is the current leader in this segment. The car brand currently only has two passenger EVs in its lineup – Nexon EV and Tigor EV – both of which are based on the brand’s existing ICE models. Reportedly, both Nexon EV and Tigor EV currently account for around 20 per cent of the overall sales of their respective model ranges (ICE + EV). The manufacturer anticipates EVs to contribute to over 20 per cent of its total PV sales by 2027-2028. In the first quarter of CY2022, EVs have accounted for 8 per cent of Tata’s total passenger car sales. Tata Motors plans to have 10 electric cars in its lineup by 2025. It revealed two concept EVs earlier this year – Curvv EV and Avinya – which were based on the brand’s generation-2 and generation-3 platforms, respectively. Tata Avinya which will be a bespoke EV, is expected to enter production by 2025.
Tata Motors is also planning to take its EV vertical global. The Avinya concept is being planned to be introduced in “mature markets” like Europe and the US. Shailesh Chandra – MD, Tata Passenger Electric Mobility (TPEM) – believes that “in electrification everyone is on the same page, or similar state of maturity. It’s not a gap of decades unlike in the ICE world”.