Tata's EV business loses market share but drives INR100 crore profit in FY25
In a paradox that few would have predicted, Tata Passenger Electric Mobility (TPEM) has turned Ebitda (earnings before interest, taxes, depreciation and amortisation) positive for the first time in FY25 — even as its stranglehold over India's electric vehicle (EV) market weakened significantly. The company reported a profit before tax (PBT) and exceptional items of INR100 crore, reversing a loss of INR400 crore in FY24. The Ebitda turnaround was
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Hindustan Times
5 days ago
- Hindustan Times
Tata Harrier EV at Quad Day: Capability without drama and technology with real purpose
As SUVs across the board turn to flash and flare, Tata Motors has taken a different route with the Harrier EV: one of restraint, refinement, and relevance. From my hands-on time with the vehicle—particularly the off-road section—to the deep dive conversations with Anand Kulkarni, Chief Product Officer at Tata Passenger Electric Mobility, it became evident that this isn't just a step forward for Tata Motors. It's a quiet leap. Also Read : Tata Harrier EV launched at ₹ 21.49 lakh, brings AWD capabilities. Check details The off-road experience: More composure than clatter Of all the four thematic zones at the Quad day—Performance, Precision, Tech, and Off-Road—it was the last one that offered the rarest commodity at events like this: an actual chance to drive. Not as a co-passenger, not in a closed loop—but a real, hands-on crawl through chaos. And chaos it was. The off-road course was no casual slush track—it was a tightly packed sequence of punishing terrain features that would challenge even seasoned ICE SUVs. It began with a rock bed crawl that tested low-speed control and wheel articulation, followed by an axle twister engineered to lift at least one tyre off the ground. From there, the trail threw up sharp 35-degree inclines and declines, pushing the vehicle's traction management and braking systems to the limit. The course continued with side slopes, camel humps, deep sand traps, water wading sections, and even a staircase climb to cap it all off—each obstacle demanding precision, poise, and a drivetrain capable of thinking on its feet. But what stood out wasn't just that the Harrier EV did all of it. It was how little it fussed while doing so. There was no jerky throttle response, no electronic overcorrection, no wheelspin theatre. It felt as if the SUV had pre-read the course. Every mode—Rock Crawl, Sand, Mud & Ruts—was calibrated to deliver just enough intervention. Not more. This composure stems from a very specific drivetrain setup: a rear-biased Quad Wheel Drive (QWD) system powered by two independent motors. The rear motor, a PMSM (Permanent Magnet Synchronous Motor), does most of the work. The front, an induction motor, wakes up only when needed. As Kulkarni, the chief architect behind Tata's EVs, explained, this decision wasn't just about traction—it was about efficiency. 'PMSM motors are great, but they consume power even when not in use. Induction motors don't. So for a setup where the front axle is often disengaged, it made perfect sense." What this means practically is that during a slow rock crawl or a sudden steep climb, the rear motor delivers high torque, while the system dynamically checks whether the front needs to assist. And when it does, the transition is imperceptible. Even during the axle twister, where one wheel was in the air, the software sensed the slip and reallocated torque within milliseconds. Kulkarni emphasized, 'We didn't use mechanical aids like diff locks. It's all software. Torque vectoring, traction prediction, terrain mapping—all of it is done by the brain of the car." And it works. No drama. No mechanical clunks. Just progress. Also Read : Tata Harrier EV takes electric SUV game to next level. What makes it unique? Tech zone: A software-defined vehicle, with Indian priorities If the Off-Road Zone was about physical proof, the Tech Zone was about technological vision—only this time, grounded in day-to-day Indian reality rather than Silicon Valley showmanship. Here, the Harrier EV presented itself not just as an electric SUV, but as a Software-Defined Vehicle (SDV)—built on Tata's new ' (Tata Intelligent Digital Architecture Layer) platform. Running 500 million lines of code, it connects everything from motor control to ADAS, infotainment, telematics, and payment systems. But what makes ' stand out is not just what it does, but what it consciously chooses not to overdo. It focuses on real-world utility rather than ticking boxes. Take the Low-Speed Autonomous Emergency Braking (AEB), for instance—it's not just another radar-based system thrown in for formality. It's carefully calibrated for India's dense, erratic traffic, where most Western ADAS setups either overreact with sudden braking or disengage altogether. The Tata Harrier EV gets several convinience features such as the Summon Mode which allows the car to park in a pararell parking without driver inputs Then there's Dead-End Assist, a segment-first feature that allows the vehicle to automatically reverse along the last 50 meters of its path—a simple yet brilliant solution for tight lanes and tricky U-turn situations in crowded neighbourhoods. Summon Mode, activated via Tata's new circular key, lets the SUV inch in or out of tight parking spots autonomously, complete with full obstacle detection. And the 540° transparent view camera system doesn't just offer a top-down perspective; it delivers real-time stitched visuals, including side and underbody views, enhanced with rim protection alerts—making it genuinely useful for negotiating potholes, high kerbs, or narrow parking bays. What impressed me most wasn't that these features existed—but how calmly they worked. There was no jarring intervention. No frantic beeps. Just consistent, usable assistance. As Kulkarni put it: 'ADAS shouldn't be a backseat driver. It should feel like a co-driver—always watching, but never taking over unless it absolutely has to." Even the AI-powered Park Assist, developed with Continental, was a lesson in subtlety. The system scanned irregular parking spaces (not laser-marked slots), identified viable options, and parked itself with steering, braking, and acceleration control. And if someone walked by? It stopped. Gently. Collaboration by design, not compromise One of the more underrated aspects of the Harrier EV is how thoroughly it has been shaped through partnerships. Tata Motors has embraced a global collaboration model, but with Indian calibration and context firmly at its core. The result is a vehicle that reflects both international technological excellence and local relevance. Continental, for instance, provided the intelligence behind the ADAS suite and Auto Park Assist—custom-developed for India's unpredictable road realities. As Prashanth Doraswamy, CEO of Continental India, described it, the system is 'a human-like AI that understands Indian parking challenges—unclear lines, sudden obstacles, narrow bays." Harman and Samsung delivered the world's first 14.5-inch Neo QLED display in a production car, paired with JBL Black's Dolby Atmos 5.1 audio system—not for flamboyance, but to create a 'third space" that seamlessly blends work, entertainment and travel. Also Read : Tata Harrier EV: A showcase of Tata Motors' global tech ties and EV ecosystem vision On the drivetrain front, Tata AutoComp and Schaeffler engineered the front induction and rear PMSM motors, respectively, with TACO contributing India's first integrated induction EV drivetrain. The ADAS controller itself runs on Mobileye's globally benchmarked EyeQ chip, fine-tuned specifically for India's chaotic traffic environment. The plus architecture, underpinning the Tata Harrier EV is a collaborative effort between Tata Motors and various other leading global suppliers Qualcomm provides the SDV backbone, enabling over-the-air updates and modular software enhancements, while Bosch, ZF, LG Chem, and Magna form part of Tata's tier-one ecosystem, supporting everything from battery systems to structural components. Yet, none of these partnerships were plug-and-play. Each supplier was asked to co-develop, co-calibrate, and rigorously test their systems with Indian use cases in mind. As Kulkarni succinctly put it, 'These aren't just tech tie-ups. They're part of a new Tata philosophy—collaboration by design." What the Tata Harrier EV really represents The Tata Harrier EV doesn't overwhelm. It impresses with restraint, earns trust through refinement, and redefines what it means to be a true Indian electric SUV. It's capable where it matters, intelligent where it counts, and most importantly—it feels complete. With a real-world C75 range of 480–505 km, support for 120 kW fast charging, V2L (Vehicle to Load) and V2V (Vehicle to Vehicle), the Harrier EV isn't a flash-in-the-pan launch. It's Tata's opening move in a much bigger EV play. More importantly, it's a product that acknowledges its customer—a 30–40-year-old urban explorer who wants range, refinement, and ruggedness, without feeling like they're compromising on identity or practicality. This is an SUV built for weekday office commutes and weekend adventures, for chauffeured comfort and hands-on control, for those who want freedom without friction. In a market where most EVs still struggle to find balance, the Harrier EV finds its footing not in gimmicks, but in grounded, honest capability. And perhaps that's the boldest move of all. First Published Date: 17 Jun 2025, 08:51 AM IST
Time of India
13-06-2025
- Time of India
INR1,300 crore loans for INR100? Stamp duty notice to ArcelorMittal, banks.
INR1,300 crore loans for INR100? Stamp duty notice to ArcelorMittal, banks. Getty Images Synopsis ArcelorMittal India has been called for enquiry this month over allegations of stamp duty irregularities. Creditors of KSS Petron, a group company, have alleged irregularities in stamp duty payment in assignment of loans in the run up to its acquisition of Essar Steel under the IBC. By N SUNDARESHA SUBRAMANIAN 4 Mins Read, Jun 13, 2025, 05:55 PM IST SHARE THIS NEWS Close Font Size Abc Small Small Abc Normal Normal Abc Large Close A stamp duty dispute has erupted around a 2018 financial transaction involving global steel giant ArcelorMittal and a group of banks. The Collector of Stamps of Mumbai under Maharashtra government has issued a notice for enquiry over alleged irregularities in payment of stamp duty on a loan assignment transaction dating back to 2018. In October 2018, a group of lenders of KSS Petron (KSSPL) led by the State bank of India (SBI) had assigned dues
Time of India
10-06-2025
- Time of India
Petrol's popularity runs out of gas in FY25 as CNG's market share more than triples in 5 years
Car buyers in India are increasingly opting for compressed natural gas (CNG)-powered vehicles amid high fuel prices and increased choices in a sluggish market. The share of CNG models in total passenger vehicle sales more than tripled in five years to 19.5per cent last fiscal—pulling ahead of diesel cars—from 6.3per cent in 2019-20. The share of petrol cars fell sharply to 57.7per cent from 76.3per cent during the same period, attesting this pronounced shift, while diesel car sales have remained largely constant at about 17-19per cent in this period, shows data from industry body Society of Indian Automobile Manufacturers (SIAM). And in the ongoing fiscal, for the first time, more than one million CNG cars, sedans and SUVs are expected to be sold—an increase of about 20per cent over 839,000 units sold in FY25. This while total car sales are expected to inch up by 1-2per cent in FY26, according to industry estimates. 'This is one category which has surprised everyone,' said Vivek Srivatsa, chief commercial officer at Tata Passenger Electric Mobility (TPEM) who also oversees Tata Motors ' PV (internal combustion engine) operations. Wide Range of Product Offerings 'It is growing in a robust manner, with availability improving,' according to TPEM's Srivatsa. The growth is largely driven by individual buyers even as the taxi segment accounts for about one-fifth of CNG car sales , as per industry estimates. Industry watchers attribute this to high prices of petrol and diesel fuel, increased network of CNG stations, and a wide range of product offerings from carmakers including Maruti Suzuki , Hyundai Motor, Tata Motors and Nissan. The number of vehicles with CNG variants more than doubled to 25 in FY25 from 11 in FY21, according to industry estimates. Union petroleum and natural gas minister Hardeep Singh Puri recently said the number of CNG retail outlets has increased 20 times in the last decade. The government is working on increasing the number of CNG dispensing stations across the country and is targeting having 17,500 CNG pumps in place by 2030, up from 7,400 in 2025. While the government is promoting electric vehicles (EVs) with various incentives to reduce carbon emissions and dependence on imported fossil fuels, car buyers mostly prefer CNG due to lower purchase compared to EVs, and an extensive network of CNG stations. While EVs boast lower running costs, CNG is considerably cheaper than petrol and diesel. A common drawback of CNG vehicles is reduced boot space due to the CNG cylinder. Carmakers like Tata Motors and Hyundai have come up with a twin cylinder solution for this. They have replaced the large CNG cylinder with two thin cylinders with equal capacity to offer more boot space. 'With the reducing life of diesel as mandated by NGT (National Green Tribunal), which is now gaining more traction in more states beyond Delhi-NCR, more and more customers are beginning to invest in other fuel options and preferences are changing fast,' said Saurabh Vatsa, managing director of Nissan Motor India. The Japanese carmaker last month started offering an alternate fuel option in the form of a government-approved CNG retrofitment kit . 'I think it's really important that we continue to focus on what is environmentally friendlier and easier to manage without denting the pocket of the consumer,' Vatsa said. Some of the popular CNG models in India include Maruti WagonR, Hyundai Exter and Tata Punch. 'Our CNG car sales in India reached over 600,000 units last year, and this year we hope to reach around 700,000 units,' R C Bhargava, chairman of Maruti Suzuki, said recently. CNG cars accounted for one in every three cars (34%) that the country's leading carmaker sold in FY25, when its sales touched 1.76 million units. 'CNG has emerged as a very good option for consumers at the entry-level, for all vehicles priced less than ₹11 lakh,' said Tarun Garg, chief operating officer (COO) of Hyundai Motor India.
