With new platform, Tata plans long-range, tech-enabled global EVs -Breaking
© Reuters. FILE PHOTO – The Tata Avinya Concept Car is revealed at a Mumbai launch event, India on April 29, 2022. REUTERS/Francis Mascarenhas
MUMBAI, Reuters Tata Motors (NYSE:) Plans to Launch Electric Cars with Minimum Range of 500 Kilometers (315 Miles) and Advanced Technology Features, Targeting Buyers in India and Beyond, The Company announced on Friday.
According to the company, 2025 will see the first vehicles built on its platform. This was stated at a Mumbai event where a prototype model was unveiled.
Tata wants to be a global player in the development of electric cars (EVs), which meet stringent climate change and emission reduction targets.
Tesla (NASDAQ) Model 3 Electric Vehicle can travel more than 500 kilometers according to Tesla’s website. Industry analysts believe that this should become the industry norm by 2025.
N Chandrasekaran (chairman of Tata Motors) stated, “We have pivoted in order to make all the strategic investment that is necessary to not only accelerate adoption but also lead this movement.”
He stated, “Our goal was to eventually go global.”
Prime Minister NarendraModi’s plan to reduce carbon emissions is centered around rolling out EVs. The Modi administration has offered billions to companies as incentives to make electric cars in India.
India hopes that electric cars will account for 30% of all car sales by 2030. Chandrasekaran stated that he expected Tata to surpass the 30% goal by 2030, but he did not give any figures.
Source tells Reuters that Tata plans to increase EV annual production to over 80,000 units in the current financial year. This represents a four-fold increase from last year.
In March of 2026, 10 EVs were announced by the company. The investment in infrastructure and technology for new vehicles totaled $2 billion.
India’s automaker is responsible for 90% of EV sales, but this segment only accounts for 1% of India’s total annual vehicle sales of approximately 3 million.
The new platform gives Tata greater flexibility in sourcing components. Tata Motors Passenger Vehicles managing director Shailesh Chaudra stated at Friday’s event that the vehicle designs will not be affected by battery chemistries or battery cell formats.
Chandra stated that the new batteries would have a higher density and last longer than its predecessors.
He stated that new cars are more roomy, will have improved connectivity and perform better in India’s heat and dusty roads.
The third phase in Tata’s plans for electrification is represented by the new platform. It was funded last year with a $1 million investment from TPG, a private equity firm.