Tata Motors has announced that it will soon enter the Tata Tiago EV in the Indian market, expanding its lineup. This new electric vehicle will be available from the Indian automaker later this month, making environmentally friendly vehicles more accessible to customers. The Tiago EV will be the company’s third product in the electric space, after Nexon and Tigor, both of which were announced on World EV Day. The Nexon EV and Tigor EV currently serve the personal market, while the Xpres T serves the fleet market. Tata Motors has set a goal of introducing ten electric vehicles in the next five years.
“Today is a momentous occasion for us, as we announce the expansion of our electric vehicle portfolio with a new major intervention from the Tata Motors Group, Thiago EV,” said Shalesh Chandra, Managing Director of Passenger Vehicles at Tata Motors.
Earlier this year, the company unveiled a three-phase approach to building a comprehensive portfolio of electric vehicles, he said. Chandra noted that as the automaker accelerates its future journey, it is committed to launching 10 electric vehicles in different product segments, chassis styles and affordability levels.
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“As a pioneer, we are now leading the next phase of expansion into the electric vehicle market, which will bring all the benefits of electric vehicles from an exciting and effortless engine, silent cabin, and low cost of ownership to an accessible level,” he added.
Chandra noted that the automaker remains committed to realizing the vision of making India the hub of electric vehicles in the world. He added that Tata Passenger Electric Transport (TPEM) was established with TPG Rise Climate to offer new mobility solutions.
Chandra said TPEM aims to ride the green wave and support the government’s vision of penetrating electric vehicles by 30 percent by 2030. Tata Motors is currently leading the electric passenger vehicle market in India, with a market share of around 88 percent, and the Nexon EV is topping the sales charts.
“As early participants, we have shaped the market and have seen it grow with the Nexon EV and Tigor EV. We have over 40,000 Tata EVs on the way,” Chandra said. The company plans to release detailed specifications and price ranges for the Tiago EV in the coming weeks.
With input from PTI