‘Tata Motors plans to add 10 new EVs in portfolio by ’25’
NEW DELHI: Tata Motors Ltd plans to have 10 new battery electric vehicles (BEVs) in its domestic product portfolio by 2025 as it looks to drive its business model towards sustainable mobility going ahead, as per Tata Motors Chairman N Chandrasekaran.
In his message to the shareholders, he noted that the auto major aims to be among the world leaders in sustainable mobility solutions and as part of that, it is also exploring tie-ups in cell and battery manufacturing to secure supplies for its portfolio of green vehicles.
“In India, EV penetration in our portfolio has now doubled to 2% this year and we expect penetration to increase exponentially in the coming years. Tata Motors will lead this change in the Indian market. 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,” Chandrasekaran informed shareholders in the company’s annual report for 2020-21.
In addition, the Tata group is actively exploring partnerships in cell and battery manufacturing in India and Europe to secure our supplies of batteries, he added. “We are 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,” Chandrasekaran said.
The Mumbai-headquartered firm is 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, he noted.
Tata Motors 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 while 60% of Jaguar Land Rover’s volumes will be pure BEV vehicles by 2030.
“Globally, greater emphasis and scrutiny will be placed on building environmental sustainability and climate resilience into the very core of business models. To address and leverage these megatrends, we plan to make sustainable business models a bedrock of our strategy,” Chandrasekaran noted.
“Our companies are present in 150 countries, we employ over 750,000 people and touch the lives of 650 million consumers. I will be the first to say that we have a long journey ahead of us. But we are clear that this is the right journey,” he added.