Tata Motors sees EV constituting half of the portfolio by 2030
Tata Motors plans to increase its EV portfolio’s contribution to sales from 12% to 25% by the end of FY2027 and to 50% by 2030, according to its annual report. The company’s EV sales hit 50,000 in Q1 of FY 2022-23, from 1,300 units three years ago. The automaker will seek significant growth by expanding its EV sales and after-sales network, as well as charging infrastructure across India to build on this strategic advantage. Its subsidiary Jaguar Land Rover is set to make Jaguar an all-electric luxury brand. The first vehicle will be revealed in 2024 and available to customers in 2025.
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