Tata Motors thinks big and aims to commercialize over 50,000 electric cars throughout the current fiscal year which will end on March 31st. The Indian giant’s goals were announced directly by its president, Natarajan Chandrasekaran, who at a recent shareholders’ meeting earlier this month reiterated how the company’s performance should improve over the next fiscal year when the shortage global supplies will begin to lessen: we recall that in the 2011-22 fiscal year Tata Motors sold 19,105 electric cars, marking a + 353% compared to the previous fiscal year.
“We continue to work closely with our customers and ecosystem partners to mitigate risks and manage uncertainties. – the words of Chandrasekaran reported by Carscoops – As a result, we expect our performance to progressively improve over the course of the year, with the second half of fiscal 2023 to be noticeably better than the first half “. Surely today to consider Tata Motors as a leader in the electric car market would be wrong, but in the future the Indian giant hopes to carve out a significant space in the sector: in September last year the company confirmed that it will push to ensure that the electric represent the 25% of its total sales in India by 2026. To reach this target, the Indian automaker has announced that it will launch eight new EVs by 2025.
Meanwhile, Tata is also venturing into the world of manufacturing semiconductors and batteries for electric vehicles: President Chandrasekaran said in May that he will try to produce in-house all the vital elements to produce his electric cars, so as to reduce dependence on imports from other countries. Not an easy challenge for the Indian giant, who in the meantime is preparing for the debut of his own first electric SUV: it was anticipated a few months ago by the Avinya concept, and will be born on the basis of the Gen 3 platform which will guarantee a range of at least 500 kilometers.
#Tata #Motors #EVs #FormulaPassion.it