Tata Motors announced the introduction of ten new electric vehicles to join the Tata Nexon EV and Tata Tigor EV over the next five years as part of its EV strategy.
HIGHLIGHTS
- Tata Motors plans to expand its EV lineup in India by ten products over the next five years.
- Tata Motors’ EV lineup currently includes. The Tata Nexon EV and the Tata Tigor EV.
- Tata Motors controls roughly 70% of the EV market. With its two products.
Tata Motors Planning
Tata Motors has big plans to expand its electric vehicle lineup in India. Announcing a Rs 7,500 crore fundraising strategy to boost its EV business in the country. The Indian automaker showed the future of its EV business. With the introduction of ten new electric vehicles to join the Tata Nexon EV. And Tata Tigor EV over the next five years. The move comes after the US-based TPG Rise Climate. And its co-investor ADQ announced a $1 billion investment in an 11 to 15% stake in the company’s EV entity.
EV business is achieving massive sales and orders for the Tata Nexon EV and the recently launched Tata Tigor EV, as the company announced 10,000 customers in the country for its electric vehicles. According to the company, its two products account for roughly 70% of the EV market. However, the company plans to expand its EV lineup and include more products based on the Ziptron technology that also powers its current EVs. Previously, the company announced plans to add the Tata Altroz EV and Tata Tiago EV to its EV lineup.
Recently, the company also announced its commercial EV brand, called the XPRES brand and launched the Xpress-T EV, which is essentially an electric sedan priced at Rs 9.54 lakh (ex-showroom, India). This electric CV comes with two battery packs that offer a range between 213km and 165km on a single charge. The other traveller EVs offered by Tata Motors are offered for Rs 12 lakh for the Tigor EV with 306km range, and Rs 14 lakh for the Nexon EV with 312km range on a single charge.
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