Tata Motors Passenger Vehicles (TMPV) on Tuesday said it will roll out five new electric vehicle models by FY30, including the premium Avinya range, as it targets a sustained market share of 45–50 per cent in India’s fast-growing electric passenger vehicle segment.

The company plans to invest between Rs 160 billion and Rs 180 billion in its EV business by FY30, covering new products and the expansion of charging infrastructure to more than 1 million points nationwide. TMPV currently accounts for nearly two-thirds of India’s electric passenger vehicle sales, with a market share of about 66 per cent.

Shailesh Chandra, Managing Director and Chief Executive Officer of TMPV, said the company’s strategy is focused on mainstreaming electric mobility by making EVs accessible across segments, strengthening the ecosystem, and investing in India-first technology and localisation.

TMPV currently offers the country’s widest EV portfolio for personal mobility, including Tiago.ev, Punch.ev, Nexon.ev, Curvv.ev and Harrier.ev, along with the XPRES-T EV for fleet customers. Chandra said the company aims to make EVs available across all segments to accelerate mass adoption.

The company plans to introduce the Sierra.ev and a new Punch.ev next year, followed by the launch of the long-awaited premium Avinya range by the end of 2026. By FY30, TMPV expects to add five new EV nameplates, including Sierra and Avinya, alongside multiple updates and refreshes to existing models.

As the portfolio expands, TMPV will continue to invest in ecosystem enablers such as charging infrastructure to bring EVs into consideration for a wider base of mainstream buyers. The announced capital expenditure for FY25–FY30 is intended to strengthen leadership, expand the EV lineup and accelerate the transition to electric mobility.

Chandra said the company believes a steady-state EV market share of 45–50 per cent is achievable despite intensifying competition. Tata Motors has sold more than 250,000 electric vehicles to date.