Tata aims to build 80,000 EVs this financial year: sources

It compares with the 19,000 EVs built and sold in the last financial year

Tata Motors expects to aggressively ramp up annual production of electric vehicles (EVs) to more than 80,000 units this financial year, sources with knowledge of the matter told Reuters.

That compares with the 19,000 EVs it built and sold in the last financial year.

Tata, India's biggest automaker, declined to comment on production plans but said EV sales were growing rapidly with demand outpacing supply. The sources were not authorised to speak to media and declined to be identified.

Tata last year announced plans to launch 10 EV models by March 2026, investing about $2 billion in new vehicle architecture, related technology and infrastructure.

Tata accounts for 90% of India's EV sales - a segment that still only represents 1% of the country's annual sales of about 3 million vehicles.

On Friday, Tata will unveil a concept car that it plans to build on its first EV platform developed from the ground up.

Cars built on this platform, called the Pure EV architecture, will also be launched in global markets, the company said in its invitations to the unveiling.