Sunday, December 3, 2023

Tata Motors To Set Target To 30% Sales From EVs By 2030

Tata Motors To Set Target To 30% Sales From EVs By 2030

Tata Motors published its fuel-sales targets for the decade in a recent regulatory filing. It has said that by the end of 2030, the firm hopes to have 25 to 30% of sales from CNG cars, with EVs accounting for 30% of overall sales. The remainder would be gasoline, with diesel variants likely accounting for less than 5%.

Tata presently boasts the strongest EV profile, which includes the Tata Nexon EV Prime and Max, Tiago EV, and Tigor EV. While the Nexon EV continues to be the top seller, with over 40,000 units sold, the recently debuted Tiago EV has also had over 20,000 bookings, and the company plans to increase production to minimize the waiting period.

In terms of the CNG portfolio, Tata Motors now sells CNG variants of the Tiago and Tigor. The Tiago CNG starts at Rs 6.44 lakh and competes with the Grand i10 Nios CNG and Maruti Suzuki Wagon R CNG. The Punch CNG and AltrozCNG, which are set to be released in June 2023, are intended to enhance the carmaker’s CNG capabilities.

Tata also displayed the 1.2 and 1.5-liter TGDi petrol engine ranges at the Auto Expo 2023. These powertrains are RDE-compliant and E20-compatible and will be used in cars longer than four meters. The Safari and Harrier are currently the only models longer than four meters that could be equipped with these new engines.



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