- Technology Flipkart Black Friday Smartphones Deals: Top Discount Offers On Mid-Range Mobiles Under Rs. 20,000
- Movies House of Gucci Movie Review Exclusive: Lady Gaga-Adam Driver Film Is High On Fashion, Short Of Eloquence
- News Winter Session of Parliament: Speaker Om Birla to meet floor leaders of parties on November 29
- Sports ISL 2021-22: Hyderabad Fc stun champions Mumbai City FC
- Education MPSC State Service Main Amit Card 2021 Released, Download MPSC Main Exam 2020 Admit Card On mpsconline.gov.in
- Finance Tomato Prices Will Continue To Remain On The Higher Side: Crisil
- Lifestyle Your Traditional Outfits Sorted Ft. Mahima Makwana, Bhumi Pednekar, And Chitrangda Singh
- Travel Budget Friendly Winter Places To Visit Around Bhopal
Indian automaker Tata Motors is all set to launch 10 new electric vehicles over the next four years. Tata's new electric push will see it invest over $2 billion (Rs. 15,000 crores) into its passenger vehicle division.
Tata's massive investment into the EV space was confirmed by Shailesh Chandra, President - Passenger Vehicles Business while speaking to the Times of India recently.
The news of the major push into the EV market comes less than a fortnight after investment firm TPG Rise Climate announced that it would be pumping in $1 billion into the formation of a new Tata EV subsidiary.
The new subsidiary, currently known as EVCo, will focus on electric vehicles and the charging infrastructure required to keep them running. Production of the electric vehicles will be handled by the passenger vehicle division of Tata Motors, while EVCo, which is valued at $9.1 billion, will own the Intellectual Property rights to any new EVs manufactured.
Tata Motors is already a player in the Indian EV market and recently launched an updated EV version of its sedan — the Tigor in India. The Tigor EV uses a 26kWh battery pack and has a claimed range of 306 kilometres and sends 74bhp and 170Nm of torque to its front wheels.
Tata Motors also sells a fully electric version of its compact Nexon SUV in India. The Nexon EV is powered by a 95kW electric motor paired with a 30.2kWh lithium-ion battery pack. The SUV sends 128bhp and 245Nm of peak torque to its front wheels and is capable of a top speed of 122km/h. The Nexon EV has an ARAI range of 312 kilometres on a single charge.
The EV Tigor and Nexon currently combine for around 3,000 to 3,500 bookings every month for Tata Motors, stated Mr Chandra to TOI.
Tata aims to boost these numbers significantly with its new $2 billion investment which will supercharge vehicle and EV infrastructure production. Tata Motors expects green vehicles to account for 20 per cent of its sales over the next 4-5 years.
Tata Motors is not expected to create a new platform for its incoming rush of EVs but instead will rely on its existing ALFA and OMEGA platforms.
This means that some of the 10 new EVs could very well be fully electric versions of fossil fuel burning Tata cars and SUVs already on sale in the Indian market today.
However, we cannot currently rule out an all-new, all-electric vehicle coming out as one of the 10 EVs that Tata plans to introduce in the next 4 years.
Thoughts On Tata's Electric Vehicle Push
Tata Motors has its eyes firmly set on the future of the automobile and its new EV push will see it surge forward, ahead of its competition in the burgeoning electric vehicle sector.
With Tata stating that it expects SUVs to make up for 60 per cent of its sales in the coming years, something that the Indian customer will absolutely love to hear. Therefore, we shouldn't rule out an electric revolution in India with a T badge upfront, if the people at Tata Motors have anything to do about it.