Tata Motors plans to start electric vehicle production at the Sanand plant from April, acquiring the facility from Ford India. The company will begin with the production of Nexon EV and has plans to introduce Curvv EV and Harrier EV. Tata Motors aims to grow better than the industry, targeting a 5% growth in the passenger vehicle industry. Extending FAME benefits to personal electric cars and addressing the issue of inverted duty structure in EVs are on the company s Budget wishlist. Tata Motors welcomes competition in the EV space and seeks a level playing field.
Chandra noted that an increase in sales of electric cars was witnessed in states like Maharashtra and Gujarat when they offered incentives to the buyers.
Tata Passenger Electric Mobility Ltd (TPEM) launched its first pure EV, the Punch.ev, based on the advanced Pure EV architecture. With the addition of Punch.ev, Tata Motors expects its EV sales to exceed 1 lakh units. Tata Motors aims to create new segments and offer choices to customers with different body styles and price points, such as the Nexon EV, Tiago, and Punch EV. The company targets volumes beyond 1 lakh next year. The diverse profiles of EV customers include early adopters, pragmatic customers, homemakers, school students, doctors, and smart businessmen.
Tata Motors drives in Punch EV at Rs 11 lakh tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.