Tata motors looking forward to aggressively boost up annual production of Electric Vehicles(EVs) to more than 80,000 units in this financial year, sources with knowledge of the matter told Reuters. That compares with the 19,000 Electric Vehicles it built and sold in the past financial year.
Tata, the country’s largest automaker, last year announced aims to launch 10 EV models by March 2026, investing about $2 billion on new vehicle architecture, related technology and infrastructure. The company accounts for 90% of India’s Electric Vehicle sales-a segment that still only displays 1% of the country’s annual sales of about 3 million vehicles.
The first phase was the launching of 2 EVs, then the Nexon SUV and another model for fleets, which are being built using an existing combustion engine platform. The second phase calls for improving combustion engine platform to build EVs with larger batteries and loner driving ranges. Those cars are expected to hit the market in about 2 years.
On other hand, Tata Power has joined with the National Real Estate Development Council (Naredco), Maharashtra, to install up to 5,000 EV charging points around its member’s developer properties. Tata Power will provide a comprehensive EV charging solution around member developers of Naredco. This will contain installation, maintenance and upgrade of the chargers as and when required, the company said in a statement.
“We are thankful to the Government of Maharashtra for allowing Tata Power and Naredco collaboration to accelerate the expansion of EV charging infrastructure across the state. The progress will put an efficient electric vehicle ecosystem closer to the end-user, allowing us to contribute to the national aim of quick passage to green mobility,” said, Praveer Sinha, CEO&MD, Tata Power.