Tata Motors
The Indian EV market is forecasted to expand from US$ 3.21 billion in 2022 to US$ 113.99 billion by 2029, with a 66.52% CAGR.
Tata Motors was established in 1945 under the Tata Group. It is among the world’s leading manufacturers of automobiles with an employee strength of around 81,090. It is present in multiple segments like cars and utility vehicles, trucks and buses, defence vehicles, and electric vehicles.
The company’s electric mobility journey
Entry into EV Market (2018): Tata Motors launched the Tigor EV, marking its entry into the electric vehicle market.
Nexon EV Launch (2020): Introduced the Nexon EV, which gained popularity for its range and affordability.
Expansion of EV Portfolio: Released the Nexon EV Max and a facelift version of the Tigor EV to offer more options to customers.
Investment in Infrastructure: Invested in charging infrastructure and formed partnerships to support the growth of electric mobility.
Market Establishment: Continued innovation and product development helped solidify Tata Motors' presence in the Indian EV market. has extended its presence internationally through Joint Ventures (JV) like the strategic alliance with Fiat and Marcopolo. Tata Motors is present in about 175 countries with Research and Development (R&D) centres in UK, Italy, India, and South Korea. Tata Motors sold 31,188 commercial vehicles in January 2024.
- Leading manufacturer in the automobile sector
- 74.61% market share in the Electrical vehicle segment as of August 2023
- Present in 175 countries
- Employee strength of about 81,811 employees
- Consolidated net profit reached Rs. 5,578 crore (US$ 638.29 million) in Q3 FY25
- More than one lakh EV’s are produced
Tata Motors – Connecting Aspirants
| Year | Milestone |
|---|---|
| 2025 |
On February 13, 2025, TATA.ev announced a bold move to more than double India’s available charging points to 400,000 by 2027 under Open Collaboration 2.0. Strengthening ties with Charging Point Operators, it will deploy the TATA.ev Mega Charger network and install 30,000+ new public charging points. |
| 2024 |
Tata Motors aims to achieve 30-40% of its sales from Electric Vehicles (EVs) by FY30 and plans to invest approximately Rs. 18,000 crore (US$ 2.16 billion) to create an ecosystem for its electric vehicle business. Over the next two years, the company has scheduled the launch of new models. In January 2024, Tata Passenger Electric Mobility Ltd. (TPEM), a Tata Motors subsidiary, commenced passenger vehicle production at its new state-of-the-art facility in Sanand, Gujarat. The milestone was celebrated with the rollout of the first Tata car. |
| 2023 |
In December 2023, Tata Passenger Electric Mobility Ltd. (TPEM), signed a Memorandum of Understanding (MoU) with Chargezone, Glida, Statiq, and Zeon, to set up 10,000 charging stations by FY25. In December 2023, Bharat Petroleum and Tata Passenger Electric Mobility collaborated to setup 7,000 chargers. In December 2023, Tata Motors and HDFC Bank sign MoU for seamless digital financing solutions. In August 2023, Tata Motors partnered with South Indian Bank and offered an exclusive financing program for authorized passenger EV dealers. In August 2023, Tata Motors announced the achievement of a milestone of 1 Lakh Tata EVs. In July 2023, Tata Motors’ smart electric bus was flagged off by Mr. Ramalinga Reddy. The company will supply, operate, and maintain 921 electric buses to Bengaluru Metropolitan Transport Corporation (BMTC). In February 2023, Tata Motors agreed to supply 25,000 of its X-Pres-T electric sedans to ride-hailing giant Uber’s network of fleet partners in India’s largest order for electric vehicles. According to a top Tata Motors executive, the cars will be delivered over 12-15 months. In February 2023, Tata Motors announced the attainment of the 5 million passenger vehicles production mark. In January 2023, Tata Passenger Electric Mobility Limited completes the acquisition of Ford India’s Sanand plant. |
| 2022 |
In December 2022, Delhi Transport Corporation signs a definitive agreement with Tata Motors’ subsidiary for operating 1500 electric buses. In December 2022, Bengaluru Metropolitan Transport Corporation signs a definitive agreement with Tata Motors’ subsidiary for operating 921 electric buses in Bengaluru. In December 2022, Tata Motors signs an MoU with Everest Fleet Private Limited for delivering 5000 XPRES-T EVs. In November 2022, the Nexon EV was the 50,000th electric car to roll out of Pune’s Tata Passenger Electric Mobility plant, making it the first Indian automaker to accomplish the feat. In April 2022, Tata Motors announced plans to invest Rs. 24,000 crores (US$ 3.08 billion) in its passenger vehicle business over the next five years. |
| 2021 |
In December 2021, Tata Motors announced plans for an investment of US$ 1 billion over the next five years in its commercial vehicle business, with commercial EVs being its prime focus. In October 2021, Tata Motors announced that private equity group TPG along with ADQ of Abu Dhabi has agreed to invest Rs. 7,500 crores (US$ 1 billion) in its EV division. In October 2021, Tata Motors announced plans to invest up to US$ 2 billion over the next four years to launch ten new EVs in India. In September 2021, Tata Motors announced the sale of its 10,000th electric vehicle. In June 2021, Tata Motors and Tata Power inaugurated high-speed CCS2 EV charging stations in Chandigarh and Surat |
| 2020 |
Tata Motors’ compact SUV Nexon has become the first Indian car to be listed on the prestigious International Dismantling Information System (IDIS) platform for End-of-Life Vehicles (ELV). This would entail Tata Motors will make the entire life cycle of its Nexon cars sustainable right through the development of ultra-low/zero emission vehicles to responsible recycling of the vehicle at the ELV stage. Tata Motors supplies 26 electric buses to BEST. |
| 2019 |
Tata Power and Tata Motors join hands to set in motion electric mobility infrastructure in India. |
| 2018 |
Tata Motors created a separate vertical for electrical vehicles to tap into the market potential. |
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