Tata Motors Sets Ambitious Goal: 50% of Sales to Be Electric Vehicles by 2030
New Delhi: Tata Motors plans to achieve a significant milestone by aiming for electric vehicles (EVs) to make up 50% of its passenger vehicle sales by 2030. The company's Annual Report for 2022-23 reveals its commitment to reaching net zero emissions by 2040, with a particular focus on their Gen 3 EV architecture strategy. The report predicts that EVs will contribute 25% to their portfolio in the next five years and steadily increase to 50% by 2030. Tata Motors' current EV lineup includes popular models such as the Nexon EV range, Tiago EV, Tigor EV, and the XPRES-T EV.
In the fiscal year 2022-23, Tata Motors achieved notable sales figures for electric vehicles (EVs), selling a total of 50,043 units. This success can be attributed in part to the launch of the Tiago EV, which received an overwhelming response with approximately 10,000 bookings on its first day. The company believes that the Tiago EV has played a significant role in accelerating the adoption of EVs among the masses due to its accessibility.
Furthermore, Tata Motors has unveiled a range of products under the Gen 2 and Gen 3 architecture, including the Harrier EV, Sierra EV, and Avinya. These models aim to make EVs more desirable and aspirational for consumers. In line with their commitment to electric mobility, the company previously announced plans to introduce 10 new battery electric vehicles (BEVs) into its domestic product portfolio by 2025.
Tata Motors plans to introduce a variety of body styles based on its GEN 3 architecture through the AVINYA Concept, starting from 2025.