New Delhi: After Mahindra, Indian Auto Major Tata Motor has announced plans to launch 10 new electric vehicle batteries (BEVs) in the domestic product portfolio in 2025.
Chief of Tata Motors N Chandrasekan said the company was looking for its business model towards a sustainable advanced mobility.
In his message to the shareholders, he noted that large auto aims to be among world leaders in sustainable mobility solutions and as part of it also explores bonds in cells and manufacturing batteries to get a green vehicle supply.
, “In India, EV penetration in our portfolio is now doubled to 2 percent this year and we expect penetration increases exponentially in the coming years.
Tata Motors will lead this change in the Indian market.
In 2025, Tata Motors will have 10 new.
Bev vehicle and as a group, we will invest proactively to regulate charging infrastructure throughout the country, “Chandrasekakan shareholder information in the company’s annual report for 2020-21.
In addition, the Group Tata actively explores partnerships in making cells and batteries in India and Europe to secure our battery equipment, he added.
“We also evaluate automotive software and vertical techniques in groups that will help us lead in a new world of vehicles connected and autonomous,” Chandrase said.
The company headed by Mumbai clearly that shifting to this sustainable mobility is a picture that the time has arrived, and the Tata Group will move forward with the speed and scale to seize this and proactively encourage changes in consumer behavior in India and outside, he recorded this.
, Tata Motors Group is in the process of triggering its underlying business model towards sustainable mobility.
Jaguar Land Rover targets 100 percent zero tailpipe emissions for portfolios sold by 2036.
Jaguar will be fully electrical in 2025 while 60% of the volume of Jaguar Land Rover will be a pure Bev vehicle in 2030.
“Greater victory, and placed on Building environmental sustainability and climate resilience into the essence of the business model.
To overcome and utilize this megatrends, we plan to make a sustainable business model is a basic rock of our strategy, “Chandrase said.
As a large and diverse conglomerate based in India, but with a global footprint, Tata Motors is uniquely positioned for this leadership, he added.
“Our company is present in 150 countries, we employ more than 750,000 people and touch the life of 650 million consumers.
I will be the first to say that we have a long trip in front of us.
But we are clear that this is the right trip.
We have to do it and start pushing the target forward, “Chandrase said.
Auto Major has sold more than 4,000 units of the NEXON EV unit since it was launched last year.
Tata Motors also sells a compact sedan Tigor to the fleet operator.
On the business prospects, Chandrasekarakan noted that in the near future the impact of the Covid-19 pandemic is expected to gradually recede because more and more people are vaccinated.
“We hope to remain strong with consumer preferences that shift further into personal mobility.
However, the offer situation is expected to have a negative impact on the next few months due to disruption of Covid-19 locking in India and semiconductor deficiencies throughout the world,” he said.
Because of this, improved performance is gradually expected during the current year, he added.
“Business has shown firm resistance in the face of last year’s difficulties and has strengthened his fundamentals.
This trail record gives me the belief that the business will continue to build its turnover last year and provide stronger performance in the coming years in the coming years,” said Chandrase.
In the 2020-21 fiscal year, the company reported the highest annual sales in eight years in the passenger vehicle segment helped its market share to 8.2%.
(With input from agency)