Tata Motors’ plans to bifurcate the fossil-fuel based and EV biz take off as EV volumes expand
Tata Passenger Electric Mobility Ltd (TPEML), the electric vehicle (EV) arm of Tata Motors, will start selling EVs through dedicated sales channels in select cities. The company also plans to produce internal combustion engine (ICE) models and EVs at its Sanand plant in 2024. TPEML acquired Ford India's Sanand plant in August 2022 and aims to stabilize its operations before expanding further. Tata Motors sold 37,961 EVs in the first half of FY24 and aims to sell 100,000 units by the end of FY24.
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