+
Tata Motors expects CNG, EV sales to grow by 20% in next 3-5 years
POWER & RENEWABLE ENERGY

Tata Motors expects CNG, EV sales to grow by 20% in next 3-5 years

Tata Motors is expecting CNG cars contribution to increase up to 20% gradually in its total sales in the next three to five years as it expects higher entry-level petrol and diesel customers to choose for these models.

The auto major based in Mumbai is bullish on the electric vehicle (EV) segment having sales expectations of around 20% of their overall dispatches in the upcoming few years.

Tata Motors President Passenger Vehicle and Electric Vehicles Shailesh Chandra mentioned that he thinks the CNG segment is going to grow in the coming years. This will be a result of petrol, due to the ever-increasing cost of petrol as well as diesel.

The company, therefore, foresees a solid future growth for the same, given there’s a deeper penetration as well as expansion of the CNG outlets taking place across India.

Currently, the car sales (diesel) across the portfolio are at approximately 15%, and the petrol and CNG car sales are at approximately 66% and 12%, respectively.

In the upcoming three to five years, the petrol portfolio is expected to decrease by around 50%, diesel is expected to decrease by around 10%, and CNG is expected to increase by 20%. For Electric Vehicles (EV) the target set is an increase of 20%.

Tata is currently focusing on the segments of hatchbacks and compact sedans for the expansion of their CNG model range.

Image Source

Also read: Tata Motors expects growth momentum to continue in 2022

Tata Motors is expecting CNG cars contribution to increase up to 20% gradually in its total sales in the next three to five years as it expects higher entry-level petrol and diesel customers to choose for these models. The auto major based in Mumbai is bullish on the electric vehicle (EV) segment having sales expectations of around 20% of their overall dispatches in the upcoming few years. Tata Motors President Passenger Vehicle and Electric Vehicles Shailesh Chandra mentioned that he thinks the CNG segment is going to grow in the coming years. This will be a result of petrol, due to the ever-increasing cost of petrol as well as diesel. The company, therefore, foresees a solid future growth for the same, given there’s a deeper penetration as well as expansion of the CNG outlets taking place across India. Currently, the car sales (diesel) across the portfolio are at approximately 15%, and the petrol and CNG car sales are at approximately 66% and 12%, respectively. In the upcoming three to five years, the petrol portfolio is expected to decrease by around 50%, diesel is expected to decrease by around 10%, and CNG is expected to increase by 20%. For Electric Vehicles (EV) the target set is an increase of 20%. Tata is currently focusing on the segments of hatchbacks and compact sedans for the expansion of their CNG model range. Image Source Also read: Tata Motors expects growth momentum to continue in 2022

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code