Tata Motors Group has already begun its foray into electric mobility with the launch of its debut electric SUV Tata Nexon in January 2020
Automotive giant Tata Motors is planning to introduce 10 new battery-electric vehicles by 2025 for the standalone entity, as per Tata Motors Chairman N Chandrasekaran.
“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,” said Chandrasekaran in his address to the shareholders in the 76th Annual Report.
Tata Motors Group has already begun its foray into electric mobility with the launch of its debut electric SUV Tata Nexon in January 2020 and has also set up charging stations across the country. As per a report, the Tata Nexon saw sales of 4000 units and has doubled the EV penetration in the company’s portfolio to 2 per cent in FY-21 and it expects penetration to increase exponentially in the coming years.
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.
The company has already announced the electrification of its subsidiary Jaguar Land Rover. Jaguar Land Rover is targeting 100 per cent zero tailpipe emissions for the portfolio it sells by 2036. Jaguar will become fully electric by 2025. 60 per cent of Jaguar Land Rover’s volumes will be pure BEV vehicles by 2030.
“Tata Motors will lead this change in the Indian market. Our 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,” added Chandrasekaran.
Globally, greater emphasis and scrutiny will be placed on building environmental sustainability and climate resilience into the very core of business models and to address and leverage these megatrends, Tata Motors plan to make sustainable business models “a bedrock of its strategy.”