Tata Motors has decided to add ten new models to its electric vehicle (EV) portfolio by 2025, while the group plans to invest in charging infrastructure proactively.
Chairman of Tata Motors, N Chandrasekaran, revealed the above in his address to the shareholders during the firm’s 76th Annual Report. The company expects the sales share of EVs to increase in the coming years exponentially. Tata’s EV sales accounted for only 2 percent of the company’s 2020-21 fiscal year.
Tata Motors president Chandrashekaran says the automaker will be at the forefront of green mobility in the automotive world. The firm believes that the shift towards sustainable mobility has arrived at the right time.
The chairman also revealed that Tata would “move forward with speed and scale to seize this (opportunity)” and drive the change in consumer behavior in India and beyond.
Tata is in the process of exploring cell and battery manufacturing partnerships in India and Europe, as well as automotive software and engineering verticals within the group for developing connected and autonomous vehicles.
Touching on the topic of the supply scenario, Chandrasekaran stated that it is likely to be adversely affected for the next few months due to disruptions from lockdowns in India and semiconductor deficits worldwide.