Having a clear plan made out for Jaguar Land Rover towards an electric future, Tata Motors will now introduce 10 new battery-electric vehicles by the year 2025. Addressing his shareholders, the chairperson of Tata Motors, N Chandrasekaran said, “By 2025, Tata Motors will have 10 new BEV vehicles and as a Group, we will invest proactively to set up charging infrastructure across the country. In addition, the Tata Group is actively exploring partnerships in cell and battery manufacturing in India and Europe to secure our supplies of batteries.”
The EV perception in the company’s portfolio has now been doubled to 2% in FY-21 led by the sales of 4000 Tata Nexon EV. It is expected to increase radically in the coming years. Chandrasekaran added to his previous statement, “Tata Motors will lead this change in the Indian market. Your company will be the torch-bearer for green mobility in the automotive world and create a virtuous cycle of growth and returns for our shareholders too. We are clear that this shift to sustainable mobility is an idea whose time has come, and the Tata Group will move forward with speed and scale to seize this and proactively drive the change in consumer behavior in India and beyond,”
Keeping in mind the future barriers of autonomous, connected, and shared mobility, Tata Motors is also calculating an automotive software and engineering vertical within the Group that will help us to stay connected in the new world of electric vehicles. Tata Motors Group is in the process of turning around its underlying business model towards sustainable mobility. Jaguar Land Rover is aiming at 100% zero tailpipe emissions for its sales by 2036. Jaguar will be fully electric by 2025. By the year 2030, Jaguar Land Rover’s 60% volumes will be BEV vehicles.
The main focus of the global market is on building environmental sustainability and climate resilience in the very business models and to take care of these megatrends, Tata Motors is on its way to make sustainable business models, ” a bedrock of its strategy.” Chandrasekaran assured that “At the Tata Group, we would like to be amongst the world leaders on sustainability. As a large and diverse conglomerate based in India, but with a global footprint, we are uniquely positioned for this leadership. Our companies are present in 150 countries, we employ over 750,000 people and touch the lives of 650 million consumers,”
On the outside, the company is expecting the demand to stay strong with the consumer preferences shifting towards personal mobility. The supply situation is most likely to be affected due to the Covid-19 lockdown for the next few months in India and could create semiconductor shortages worldwide.
