1 hr ago
Tata Motors Says One in Four Car Sales Are EVs
Tata Motors says one out of every four cars it sells is electric.
Many more customers are booking electric cars than before.
Electric-car bookings now make up 30% of all bookings.
The company says it cannot deliver even more cars because its supply is limited.
Tata Motors has doubled its yearly electric-car production capacity to more than 16,000 vehicles.
CNG cars are also popular and make up 27% of sales.
More than half of the company’s electric-car sales come from smaller, non-metro cities.
Tata Motors expects electric cars to reach 30% of its sales as charging stations and vehicle choices improve.
It is not launching an electric version of the Aeris right now because it already sells three electric models in that price range.
Electric vehicles now account for 25% of Tata Motors Passenger Vehicles’ sales.
EV bookings represent 30% of the company’s total bookings, but supply constraints limit deliveries.
The company has doubled annual EV capacity from 8,000 to more than 16,000 units.
CNG vehicles account for 27% of Tata Motors Passenger Vehicles’ sales.
More than half of EV sales now come from non-metro markets, while an electric Aeris is not planned immediately.
- Who
- Tata Motors Passenger Vehicles and its CEO, Chandra.
- What
- The company reported that EVs make up 25% of sales and that EV capacity has doubled.
- Where
- India, including both metro and non-metro markets.
- When
- The report says the change is current; EV bookings have more than trebled over the past six months.
- Why
- Demand is rising because of lower running costs, higher fuel prices, improving charging infrastructure and broader product choices.
Key facts
- Current EV sales share
- 25% of Tata Motors Passenger Vehicles’ sales
- EV booking share
- 30% of total bookings
- Annual EV capacity
- More than 16,000 units, up from 8,000
- CNG sales share
- 27% of sales
- Non-metro EV sales
- More than 50% of EV sales
- Expected EV penetration
- 30% as infrastructure and product choices improve
- Current electric models cited
- Tiago, Punch and Nexon
Quotes
Tata Motors Passenger Vehicles CEO Chandra
Chief executive of Tata Motors Passenger Vehicles discussing EV capacity expansion
“Our EV demand is increasingly broad-based, with more than 50% of sales now coming from non-metro markets”
businesstoday.in
“We have doubled it. And every month we are trying to see how we can improve that”
businesstoday.in
Sources
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