Tata Motors to roll out 10 battery electric vehicles by 2025

Automobile major Tata Motors has announced plans to roll out 10 brand-new battery electric vehicles (BEVs) in its domestic product lineup by 2025. In the company’s Annual Report 2020-21, Tata Motors Chairman N Chandrasekaran told shareholders that the company aims to become a global leader in sustainable mobility solutions. The chairman said that EV penetration in their portfolio in India has now doubled to 2% this year. Chandrasekaran informed that the company is also considering the creation of automotive software and engineering verticals within the group. By 2036, Jaguar Land Rover wants all of its vehicles to have zero tailpipe emissions. Jaguar will be fully electric by 2025, with pure BEV vehicles accounting for 60% of Jaguar Land Rover volume by 2030. Since its launch last year, Tata Motors has sold over 4,000 Nexon EV units. The company also markets Tigor compact sedans to fleet operators. In terms of the business outlook, Chandrasekaran stated that the impact of the Covid-19 pandemic is expected to gradually fade in the near term as more people are vaccinated. As a result, he added, a gradual performance improvement is expected this year. In the fiscal year 2020-21, the company reported its highest annual sales in the passenger vehicle segment in eight years, boosting its market share to 8.2%. Image Source Also read: Mahindra, Flipkart join hands to use EVs in last-mile logistics Also read: E-mobility: Ashok Leyland to bring EVs to India via subsidiaries