Tata Motors Plans Longer-Range Electric Vehicles in 2 Years With New Design

EVs make up only 1 percent of total car sales in India.

Tata Motors Plans Longer-Range Electric Vehicles in 2 Years With New Design

Photo Credit: Reuters

Tata Motors sold 19,000 EVs in the fiscal year ended March 31

Highlights
  • Tata Motors has over 90 percent of India's electric car market
  • The company faces short-term pressure price rise of battery cells
  • EVs make up only 1 percent of total car sales in India
Advertisement

India's Tata Motors said it plans to launch electric vehicles (EVs), including SUVs, using a new design which will allow for a larger battery and a range of up to 500 kilometres.

Prime Minister Narendra Modi has made EVs a major focus for India's government, which is offering companies billions of dollars in incentives to manufacture them locally.

EVs make up only 1 percent of total car sales in India, however, with high battery prices and an inadequate charging network holding back buyers and the launch of new electric models.

Tata Motors, which is India's top-selling electric carmaker, said vehicles launched under its new Curvv design will be based on a new architecture adapted for electric models.

Cars built on this platform are expected to be launched in two years, and the company is working to fast track the development, said Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility.

There will be room for a bigger battery and the SUVs are expected to have a certified driving range of 400-500 kilometres, Chandra said, adding that they will also be capable of faster and more efficient charging.

Tata Motors, which has over 90 percent of India's electric car market, sold 19,000 of them in the fiscal year ended March 31, up from 4,200 units the previous year.

Last year, Tata Motors raised $1 billion (roughly Rs. 7,576 crore) from private equity fund TPG for its EV unit, and has said it will invest a total of $2 billion (roughly Rs. 15,150 crore) to push clean car sales.

The carmaker told Reuters last month that it faces short-term pressure after a 20 percent rise in the cost of battery cells due to a surge in raw material prices, mainly lithium.

© Thomson Reuters 2022


Can OnePlus 10 Pro beat iPhone 13 Pro and Galaxy S22 Ultra? We discuss this 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.
Comments

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.

Further reading: Tata Motors, EV, Electric Vehicles
Apple WWDC 2022 Event Will Begin on June 6: What to Expect
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »