Tata Motor Expects EV's To Account For 50% Of Its Sales By 2030
NDTV
The company's current EV portfolio comprises the flagship SUV Nexon EV range, Tiago EV, Tigor EV and the XPRES-T EV. It sold 50,043 units of EVs in 2022-23, while its total passenger vehicle sales stood at 5,40,965 units.
Tata Motors expects electric vehicles to account for half of its passenger vehicle sales by 2030, according to the company's Annual Report for 2022-23.
The company, which has set a target to attain net zero emission by 2040, said it is "spearheading this mission with the support of our Gen 3 EV architecture strategy." "The EV contribution in our portfolio is likely to increase to 25 per cent in 5 years and reach 50 per cent by 2030," the report said.
The company's current EV portfolio comprises the flagship SUV Nexon EV range, Tiago EV, Tigor EV and the XPRES-T EV.
It sold 50,043 units of EVs in 2022-23, while its total passenger vehicle sales stood at 5,40,965 units.
