The EV subsidiary of Tata Motors, named Tata Passenger Electric Mobility (TPEM) which defines an ambitious product and investment strategy to solidify its dominance.
By FY30, the company will launch five new electric vehicle models with the ambition of maintaining a market share of 4045 per cent dominance in the future years. The announcement comes after a significant milestone for Tata Motors, where its total sales of EVs in India have reached 250,000 units.
As the next phase of the expansion, TPEM has identified capital expenditure of 16,000 crore to 18,000 crore between FY25 and FY30 on product development, technology investments and expansion of EV ecosystem, such as charging infrastructure and network capabilities.
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Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said, “We’ll make EVs available across all segments, expand our portfolio with five new nameplates by FY30, while strengthening the charging ecosystem. Our milestone of 250,000 Tata EVs proves that bold vision, backed by sustained action, can transform an industry and drive India’s transition to electric mobility.”
The investments will also be in line to support India-specific EV platforms, battery technologies and software capabilities, as well as take localisation to a higher level than the existing 50 per cent Tier-3.
The firm announced that it will keep on investing in charging infrastructure and aims to support one million charging points by 2030, comprising 100,000 public chargers. With the ongoing increase in EV penetration in the passenger vehicle market, Tata Motors has recorded close to 12 billion kilometres of its EVs in India alone, preventing more than 1.7 million tonnes of carbon dioxide emissions.
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