Chandra noted that the company is trying to ramp up the capacities by increasing the sourcing of semiconductors
As the demand for EVs continues increase, Tata Motors is looking to ramp up the production of electric vehicles.
A senior company official said that the demand has outpaced manufacturing activity by a huge margin. The company, which led the passenger electric vehicle space in the domestic market in last fiscal year, has been receiving an average of 5,500-6,000 bookings in the past two months for its EV range.
In an interaction with PTI, Tata Motors Managing Director Passenger Vehicle and Electric Vehicles Shailesh Chandra said, “We are seeing that the demand is significantly outpacing the supply. The numbers are just the ones which we are able to supply, the demand is definitely much stronger which is reflected in the number of bookings with us.”
Chandra noted that the company is trying to ramp up the capacities by increasing the sourcing of semiconductors.
The company has initiated various steps like design modifications as well as sourcing from multiple vendors to increase the availability of the essential semiconductors.
“These steps have allowed us to significantly ramp up production. Just seven months ago we were producing just 600 units but then such actions have helped us to increase it to 1,500-1,700 levels and then 3,000-3500 levels. This will continue,” Chandra said.
When asked about sales aspirations for this year, Chandra stated: “Last year, we grew by five folds, and therefore the aspiration would be definitely to grow not in increments but in multiples.”
As per FADA, Tata Motors led the electric passenger vehicle segment in 2021-22 with retails of 15,198 units and a market share of 85.37 per cent in the vertical.
