Indian automotive giant Tata Motors announced it plans to launch electric vehicles (EV) with a minimum range of 500 kilometers and cutting-edge technology features, targeting consumers in India and the rest of the world.
During an event in Mumbai, India, where the automaker unveiled a concept model, Tata said that the first electric vehicles (EV) built using its new platform is expected to be on the road in 2025.
Tata is determined to position itself alongside global automakers investing billions of dollars in building EVs that meet stringent carbon reduction goals.
According to data on Tesla’s website, Elon Musk’s Tesla Model 3 EV can have a range of over 500kms, and by 2025 industry analysts predict most EVs to have a range of 500kms.
The chairman of Tata Motors, N Chandrasekaran, said the firm had pivoted to make all the necessary strategic investments with a goal to go global eventually. He added that while Tata was coming from “way behind” other automakers, the electrification of vehicles will lead the firm’s globalization push.
Tata plans to increase annual EV production to over 80,000 units this financial year, from 19,000 in 2021.
Tata Motors accounts for 90% of India’s EV sales—a segment representing just 1% of the nation’s annual sales of about 3 million vehicles.
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