Tata Motors rolls out its 50,000-unit EV in India
The business made the announcement on its social media platform Twitter. Tata Motors tweeted that it has finished the production of 50,000 electric cars. This post is a significant update for all EV lovers and owners as it has a favorable impact on the trajectory of e-mobility advancement.
Tata Motors :
Tata Motors has touched the 50,000-unit production milestone with its electric vehicle range in India. The carmaker currently has four EVs in its line-up — the Nexon EV, the Tigor EV, the fleet-only Express-T EV, and the recently launched Tiago EV.
Electric vehicle adoption has seen a surge in the recent past, but that’s not surprising given the rising cost of conventional fuels.
Tata Motors Past EV Sales report :
Tata Motors released its domestic and global sales figures for October 2022, announcing a year-on-year growth of 15%. The business sold 78,335 automobiles in October 2022, compared to 67,829 units sold in the same period of the previous year.
Tata Motors’ domestic passenger vehicle (PV) sales were 45,217 units in October 2022, up 33% from 33,925 units sold in October 2021.
Tata Motors’ domestic sales grew by 17% sequentially, from 65,151 in October 2021 to 76,537 in October 2022. In the Indian market, the brand is performing remarkably well, according to sales data from October 2022
With just two EV models, the Nexon EV and the Tigor EV, Tata Motors owns a whopping 88% share of the electric vehicle market.
Due to their pricing, both vehicles serve a niche market, and EVs are already seen as expensive in India. The Tiago EV, which has a starting price of Rs. 8.49 lakh, according to Tata (introductory and ex-showroom), is now the cheapest electric car available in India. Tata Nexon is number five on the list in terms of sales, while Tata Punch is number eight. Maruti Suzuki retains the top four spots, and Tata Motors is notable for being the second OEM on the list.
In October 2022, the Tata Nexon sold 14,518 units, a respectable growth of 58% year-on-year. Tata Motors PV(passenger vehicle) domestic sales for October 2022 were 45,217 units, up 33% from October 2021 sales of 33,925 units.
The future EV :
Its 50,000 EV production benchmark by Tata Motors EV ushers in a new wave of mobility for electric vehicle customers in India. However, EV adoption in India has been slow due to new markets and technology innovation, and limited availability of charging stations. However, we can all assume that trusted brands like Tata will make the EV bridge in India stronger. Finally, the company’s tweet ended on a positive note “A vision, it is now a reality. A strong proof that India is ready
