Tata Motors is planning to dominate more than ever in the electric vehicle segment of India. The indigenous automobile company has around 10 new electric cars in its pipeline that are planned to be launched by 2026 in the country.
As of now, Tata Motors is leading the way in the country holding the majority of the EV market share. Among its different electric cars, Tata Nexon EV has managed to top the list in terms of sales numbers. Also, the company is looking to explore the opportunity of bringing next-gen variants of the Nexon and Tata Tiago.
Tata Motors Future Plans on EV
To make a big impression in the EV space, Tata has partnered with TPG Rise Climate which is an investment group to establish a new EV subsidiary company. The official name of the company is yet to be announced while it is referred to as ‘EVCo’ for now. Tata has allocated an amount of Rs 7,500 crore to invest in the EVCo with an 11-15 per cent of stake with the partner.
Tata Motors is reportedly planning to add 10 new electric cars in the following years. It is said to bring different variants of Altroz EV and Punch EV. The company has shown Tata Altroz EV during the 2020 Auto Expo revealing a set of features. The upcoming electric car will be driven by a 30.2kWh battery setup with a mileage of 250-300km.
Tata Punch EV is said to fill the void of the affordable EV market coming at an economical price range. Additionally, the Punch EV is expected to offer up to 300 km per single charge. As of now, Tata is retailing its cheapest Tigor EV in India at a starting price of 11.99 lakhs (ex-showroom).