Tata Motors, India's biggest Electric Car Maker, Is Betting That Locally Manufached Ev Batteries will help it maintaain its edge in an industry where competing Cfo said in an interview.
Tata's Ev Market Lead Shrunk to 62 Percent in 2024 from 73 Percent a year ago as rival jsw mg motor gained share with its new cars. This year, Mahindra & Mahindra, Hyundai Motor and Market Leader Maruti Suzuki will also also launch evs in India. Global Ev Giant Tesla has long eyeed India too.
Tata Group's $ 1.5 Billion (roughly Rs. OUP CFO at Tata Motors, Told Reuters.
“The work on the entry ecosystem is something that we have. Vietnam's Vinfast Took Center Stage.
Tata, The Owner of Britain's ICONIC Jaguar Land Rover, Has Ev Models Ranging from Around $ 10,000 (roughly Rs. 8.6 lakh) Up to $ 27,000 (roughly Rs. 23.3 lakh) Omponents and set up charges to keep Its investment and costs low.
When agratas, the battery arm of the $ 165 billion (roughly Rs. Sive part of an ev.
“Launching a car is a given but can you sustain it forever?
New Entrants Mahindra, Maruti and Hyundai do not have a similar integrated supply chain and will source batteries and other parts from suppliers in the market.
Tata motors are also well funded to withstand a competitive market, Balaji said. It has received $ 1 billion (roughly Rs. The next four years. The first tranche of $ 17 million (roughly Rs. 147 Crore) has come in, Balaji said.
“There is enough and more money. The full tpg monies have come in, the business is well funded and as battery pristed start coming off, most of its starts self-funding,” He said.
Ev Sales in India Made Up Just 2.5 Percent of the 4.3 Million Cars Sold in the Country in 2024, but their 20 percent green rate outpaced the five percent overall car market growth. Analysts Expect Ev Sales to double in 2025 from 100,000 last year, mainly due to new launches.
Electric models made up about 12 percent of tata motors' 2024 car sales and it wants to grow this to 30 percent by 2030, it has said.
© Thomson Reuters 2025
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