Tata Motors Becoming A Game Changer In EV Market
Tata Motors is holding on to its more than 80 percent share in the EV market and moving swiftly to increase it further. Tata last year revealed plans to introduce 10 new EV models by 2026, investing nearly two billion dollars in new vehicle architecture, technology and infrastructure.
In the initial phase, Tata introduced two EVs, the Nexon subcompact SUV and another model fleet. In the second phase, Tata worked on making bigger batteries and increasing the range of EVs.
So far Tata Motors is holding over 80 percent of the Indian EV market which has a total representation of one and a half percent in the Indian automobile sector. Tata has launched three EVs since 2020, which are Nexon EV, Tigor EV, and Tiago EV.
The company has claimed that its recently launched Tiago EV is one of the safest EV in the hatchback segment. The introductory price of Tiago EV is Rs 8.49 lakhs for the first 10,000 customers. Experts are assuming that with this price range Tiago EV can be a game-changer in the EV market for the company as well as the customers.
India has the vision to reduce carbon-emitting ICE (internal combustion engine) and the administration is providing a healthy amount of resources such as capital and a platform to showcase the concept and innovation. With this, by 2030 the government has the plan to increase EVs, of which the number of e-buses by 40 percent, private EV cars by 30 percent, commercial e-vehicles by 70 percent, and two and three wheelers by 80 percent.
