Mega plan of Tata Motors: Nexon EV will bring 10 new electric cars within 4 years
Tata, which is rapidly growing in the country’s Electric Vehicle (EV) segment, is preparing to expand its portfolio. The company is planning to launch 10 battery electric vehicles in the next 4 years. Addressing the shareholders in the 76th Annual Report of Tata Motors, Chairman N Chandrasekaran said that the penetration of Electric Vehicles (EV) in our portfolio in India has now doubled to 2 percent this year.
He said that we expect rapid growth in the coming years. Tata Motors will lead this transformation in the Indian market. By 2025, Tata Motors will have 10 new BEV vehicles. Another EV will be programmed to compete with two British luxury automakers, Jaguar and Land Rover. The Tata Group will invest in setting up charging infrastructure, besides exploring partnerships in cell and battery manufacturing in India and beyond.
Tata Nexon Best Selling Electric Car
Right now Tata Motors is the largest EV player in the country with two fully electric models Nexon EV and Tigor EV in the market. The electric version of the Altroz is expected to be launched in the coming months. Nexon EV was launched in January 2020. Since then it has sold more than 4,000 units. It is also the best-selling electric car in the country.
Also looking at the Connected and Automatic Vehicles segment
Chandrasekaran said, “We are also evaluating an automotive software and engineering vertical within the group, which will help us lead the way in a new world of connected and automatic vehicles. For the U.S., this change is an idea whose time has come. The Tata Group will move with speed and scale to capture it. Will actively drive change in consumer behavior in India and beyond.”
Jaguar, Land Rover to launch 10 new luxury cars
Jaguar, Land Rover, the luxury car unit of Tata Motors, is all set to launch 10 new models in India. The company’s sales have been badly affected due to Covid. In such a situation, it is planning afresh to increase sales in the financial year 2022 (next 12 months). Electric cars will also be included in the new models. The company wants to strengthen its hold in the Indian electric car market by 2025.
The company has launched its first electric car in India, the I-Pace. It has the ability to give a range of up to 127km in just 15 minutes of charging. The company has also started its booking. Its starting ex-showroom price is Rs 1.06 crores. Its top variant costs Rs 1.12 crore. It accelerates from 0 to 100 km/h in just 4.8 seconds.
