Tata Unveils 12 Cars, Including 5 Electric Models Along With 14 Trucks at Auto Expo 2023

Tata dominates the country's electric vehicle market with sales of 50,000 EVs, and plans to launch 10 electric models by 2026.

Advertisement
By Reuters | Updated: 12 January 2023 12:15 IST
Highlights
  • Tata showcased 12 cars, including five electric models, and 14 trucks
  • The firm outlined plans to launch 10 electric models by March 2026
  • Tata raised $1 billion from TPG for its EV unit, in 2021

With sales of 50,000 electric cars, Tata dominates India's EV market

Photo Credit: ANI

Tata Motors plans to expand its electric car portfolio with new models and higher price points, its managing director said on Wednesday, as it looks to cement its lead as the top selling electric vehicle (EV) company in India.

The carmaker will also offer a choice of ranges for its EVs so it can address the needs of multiple buyers, including shorter ranges for city use, Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and its EV subsidiary told Reuters on the sidelines of India's Auto Expo car show.

"Customer needs are getting very individualistic. Going ahead we will maintain our growth momentum and work towards further strengthening our portfolio," said Chandra.

Advertisement

The company showcased 12 cars, including five electric models, and 14 trucks, including ones powered by hydrogen fuel cells, as it looks to deepen its clean vehicle push.

The cars included electric versions of its popular Harrier and Sierra SUVs as well as a concept car based on its new electric vehicle platform, which is expected to be launched in late 2025, Chandra said.

With sales of 50,000 electric cars, Tata dominates India's EV market, helped by government subsidies and high import tariffs, and has outlined plans to launch 10 electric models by March 2026.

Advertisement

India's car market is tiny compared to its population, with electric models making up just 1 percent of total car sales of about 3 million a year, but the government wants to grow this to 30 percent by 2030.

"The transition to electric mobility in India will happen much faster than we are imagining. We are confident that we chose the right strategy," N Chandrasekaran, Tata Motors' chairman, said during the event.

Advertisement

Tata Motors' pole position has also come from working with other Tata group companies like Tata AutoComp which supplies EV parts like batteries and motors, and Tata Power which is setting up charging stations in cities and along highways.

The carmaker is looking at opportunities to produce and source more parts like battery cells and motors locally and is also studying potential export markets for its electric cars, Chandra said.

Advertisement

Tata, India's third-largest carmaker, in 2021 raised $1 billion (roughly Rs. 8,165 crore) from TPG for its EV unit at a $9 billion (roughly Rs. 73,500 crore) valuation. Chandra said it currently has sufficient funds to meet its expansion needs.

© Thomson Reuters 2023


How does the Redmi 12 Pro+ fare against its competitor, the Realme 10 Pro+ 5G? Is it a worthy successor to the Redmi Note 11 Pro+ 5G? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
 

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Advertisement

Related Stories

Popular Mobile Brands
  1. Flipkart Big Billion Days 2025: Best 5G Smartphones You Can't Miss
  2. Amazon Sale 2025: Best Deals on Samsung Smartphones
  3. Amazon Great Indian Festival Sale Is Live: Best Deals Today
  1. Study Links Microbial Colonization to Ancient Meteorite Crater: What You Need to Know
  2. SpaceX Moves Starship to Launch Pad for Final Version 2 Test Flight
  3. NASA Confirms Discovery of 6,000 Exoplanets Beyond Our Solar System
  4. Satellite Observations Record Arctic Sea Ice at Lowest Level of the Year
  5. SpaceX Launches 28 Starlink Satellites on Falcon 9, Booster Lands Safely
  6. Study Suggests Primordial Black Hole Burst as Source of Detected High-Energy Neutrino
  7. Aramm 2 Now Streaming Online: Know Everything About Nayanthara Starrer Tamil Drama
  8. Madharaasi OTT Release Date: When and Where to Watch Psychological Thriller Online?
  9. Odum Kuthira Chaadum Kuthira OTT Release Date: When and Where to Watch Fahadh Faasil Starrer Online?
  10. F1: The Movie to Arrive on Blu-ray Soon, Studio Confirms Release Details
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.