Big Bets! Tata Motors sees EV constituting half of the portfolio by 2030

Tata Motors plans to increase its EV portfolio’s contribution to sales from 12% to 25% by the end of FY2027 and to 50% by 2030, according to its annual report. The company’s EV sales hit 50,000 in Q1 of FY 2022-23, from 1,300 units three years ago. The automaker will seek significant growth by expanding its EV sales and after-sales network, as well as charging infrastructure across India to build on this strategic advantage. Its subsidiary Jaguar Land Rover is set to make Jaguar an all-electric luxury brand. The first vehicle will be revealed in 2024 and available to customers in 2025.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.