Latest news with #Avinya
Hindustan Times
11-06-2025
- Automotive
- Hindustan Times
Tata Motors to launch 30 new vehicles by FY30, including EVs, SUVs, MPVs. Check details
Tata Avinya X concept at Auto Expo 2025. Check Offers Tata Motors has set out an ambitious product plan for the remainder of the decade, with a commitment to introducing up to 30 new vehicles by FY2030. The plan consists of seven completely new nameplates and 23 updates or facelifts of current offerings. The revelation, released through the company's most recent investor presentation, highlights Tata's vision to cement leadership in several segments in India's transforming automotive environment. The automaker's overall portfolio will ultimately encompass more than 15 different nameplates, with an increased range of body styles and powertrains, including electric vehicles (EVs), internal combustion engines (ICE), and hybrids. SUVs and crossovers to dominate the lineup While Tata did not provide a model-wise split, it pointed toward an ongoing focus on SUVs, crossovers, and coupes. These are expected to be drivers of the growth over the next couple of years, with SUVs alone estimated to see a 55 per cent rise in demand by FY30 over FY25. The appeal of these strong and roomy vehicles, particularly in urban and semi-urban locations, is instilling confidence in Tata in this space. Also Read : Tata Motors to invest up to ₹ 35,000 crore in PV business in 5 years, new models and EVs in focus The next-generation Sierra SUV, which is in development, is one of the most highly anticipated launches. Test mules of the vehicle have been seen on several occasions, hinting that its commercial launch may not be very distant in the future. Harrier and Safari SUVs are also going to see powertrain diversification, likely referring to new hybrid or flex-fuel offerings. MPVs on the rise: A family-focused bet In a strategic move, Tata Motors also signaled multi-purpose vehicles (MPVs) as a growth driver. The company believes the MPV segment alone could grow as much as 50 per cent by FY30 from increased family needs for cars that combine comfort, space, and utility. Though Tata has not indicated exact MPV models in the pipeline, the emphasis on this body style indicates that new entrants may be designed with both urban families and fleet operators in mind. Also Read : Tata Harrier EV: A showcase of Tata Motors' global tech ties and EV ecosystem vision New age design with Avinya Of the new nameplates, the Avinya series is notable. Revealed initially in concept guise, the Avinya name will probably morph into a family of cars across various body styles and powertrains. As details are scarce, Tata did affirm that the Avinya range will combine next-gen design language with both ICE and EV drivetrain options for a wide range of consumers. Recent launches and what's next For FY26, Tata has already introduced updated versions of popular models such as the Tiago, Altroz Facelift, and the Harrier EV—its newest all-electric SUV. These releases indicate the brand's continued efforts at keeping pace with market trends while providing sustainable alternatives. In addition to the two announced ICE models and two new EVs, the firm teased two additional ICE models and two additional EVs, but these don't yet have names or details. This ongoing two-track strategy—ICE and EV—shows that Tata is ready for a transition market that is slowly electrifying. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 11 Jun 2025, 10:59 AM IST
Business Upturn
10-06-2025
- Automotive
- Business Upturn
Tata Motors share: Nuvama retains ‘Reduce' with Rs 670 target; sees muted FY26 growth in PV & CV segments
By News Desk Published on June 10, 2025, 08:52 IST Nuvama Institutional Equities has maintained its 'Reduce' rating on Tata Motors, with a target price of ₹670/share, indicating downside risk from the current market price of ₹717.50. The brokerage expects single-digit growth across the company's domestic commercial (CV) and passenger vehicle (PV) segments in FY26, citing a high base and competitive landscape. It forecasts CV market share to rise to 40% by FY27 (from 36% in FY25), driven by new launches and a recovery in the small commercial vehicle (SCV) segment. Similarly, PV market share is seen improving to 16% by FY27 from 13% currently, backed by refreshed product lines. Tata Motors plans to launch seven new PV models by FY30, including the much-anticipated Sierra and Avinya range, along with two new ICE and two new EV offerings. On the financial side, Nuvama estimates that by FY27: CV business free cash flow (FCF) will be 7–9% of sales PV (ICE) segment FCF will be around ₹1,000 crore PV (EV) segment FCF is expected to remain negative Despite long-term product strategies, Nuvama's cautious stance is due to near-term margin pressures and execution challenges. Disclaimer: This article is based on brokerage reports and is meant for informational purposes only. Business Upturn does not provide stock advice or investment recommendations. News desk at
Time of India
09-06-2025
- Automotive
- Time of India
Tata Motors charts long-term PV roadmap with focus on EVs
Amid rising competition from its rivals, Tata Motors has laid out a holistic strategy and long-term targets for its passenger vehicle (PV) business, aiming for significant growth by the end of the decade. As part of its 360-degree plan, Tata Motors is targeting an 18–20 per cent market share, including EVs, by FY30, with seven new nameplates and 23 product refreshes, the company revealed in its Investor Day presentation. The Mumbai-based automaker plans to invest around ₹33,000–₹35,000 crore to execute this roadmap-- to be carried out between FY26 and FY30. The investment would primarily be towards electric mobility, software-defined vehicles (SDVs), new-age powertrains, product innovation, and feature-rich launches to drive higher EV penetration and stay competitive. Currently, Tata's PV unit holds a 14 per cent market share, and aims to scale it to 16 per cent by FY27. By FY30, the company aims to expand to 15 nameplates across multiple powertrains, compared to eight today. As per the presentation, upcoming models include the Sierra, two under the Avinya range, four ICE models, and two EVs. For its PV business, Tata Motors is also eyeing double-digit EBITDA margins and free cash flow of over ₹1,000 crore, as per the presentation. A push to EVs The auto giant is also working to raise the share of EVs in its PV sales to 20 per cent by FY27 and over 30 per cent by FY30. The EV space in the country is witnessing heated competition with players like Mahindra & Mahindra and JSW MG vying for a larger share of the growing market. Tata Motors is the market leader in this space although it has seen its pie decline from around 71 per cent in FY24 to 54 per cent in FY25. So far, Tata Motors has sold over 2 lakh EVs so far. At present, Tata's EV portfolio—including the Tiago EV, Punch EV, Nexon EV, and Curvv EV—has a strong pipeline, with plans to introduce two new models under its Avinya EV concept which is designed for premium and innovation-led EV offerings. Recently, it launched the Harrier electric SUV to gain traction in the crowded space. The aggressive push by the carmaker is likely to turn its EV business EBITDA positive during the ongoing fiscal. Realising the importance of accessible EV infrastructure, the carmaker is aiming for 1 million home-charging stations and 1 lakh public charging stations, with a focus on models like vehicle-to-vehicle (V2V) charging and valet charging, the company noted. At the same time, recognizing the growing resale market, Tata Motors is also planning partnerships to establish a structured aftermarket for EVs, including refurbishing and added benefits like extended warranties. This move is expected to improve EV resale value and support upgrade programmes for existing EV owners.
Yahoo
12-03-2025
- Automotive
- Yahoo
Exclusive-Jaguar Land Rover shelves plan to build EVs at Tata's India plant, sources say
By Aditi Shah NEW DELHI (Reuters) - Jaguar Land Rover has shelved plans to build electric vehicles at parent company Tata Motor's upcoming $1 billion factory in southern India, four people with knowledge of the matter said. The British luxury car unit was unable to find the right price-quality balance for locally sourced EV parts, three of them said, adding that the decision also reflects slowing demand for electric cars. "For India, all the work (on JLR electric vehicles) has stopped. Everything has been suspended since about two months," said a supplier source. Global car brands are revamping their electrification plans amid stiff competition from Chinese players, a shift in demand in favour of hybrids and as governments ease timelines to meet emission rules and EV sales targets. JLR's decision is also expected to delay plans for Tata Passenger Electric Mobility, Tata's local electric car unit, to launch the first of its premium Avinya models, the sources said. The cars are to be built on the same platform as JLR's electric vehicles and some components were to have been jointly sourced. Tata began construction of the new factory, which will also assemble vehicles other than EVs, in September. The plant is slated to produce over 250,000 cars a year when it reaches full capacity in about 5-7 years. The shelved plans called for JLR to manufacture more than 70,000 electric cars there and Tata's EV unit to build 25,000, the sources said. The sources were not authorised to speak to media and declined to be identified. Tata said in a statement to Reuters that the production timelines and choice of models to be built at the new factory in the state of Tamil Nadu will be aligned with Tata and JLR's broader strategy and market requirements. Tata, the biggest seller in India's nascent EV market, faces growing pressure from rivals like JSW MG Motor and Mahindra and Mahindra which have launched new, feature-rich models with longer driving ranges. Tesla is also finalising plans to launch EVs in India, which is the world's third-largest car market with 4 million vehicles sold annually. EV sales currently account for about 2% of total car sales. ECONOMICS NOT WORKING OUT In November, JLR hosted a meeting with local suppliers in Mumbai where it shared details of its plans and talked about locally sourcing components. Some suppliers were asked to provide initial information on the pricing of parts but those talks have now been suspended, according to the sources. JLR has most of its production in Britain, Europe and China. But it assembles some of its cars like the Range Rover SUVs at Tata's plant in Pune in the western state of Maharashtra. Tata's EV unit had planned to firm up orders with some suppliers by the end of January but is now making changes to its designs as the economics of its plan are not working without JLR, two of the sources said. Tata in January pushed back the launch of its Avinya EV to 2026-2027 from an earlier plan for this year. It was not immediately clear if the current situation will cause further delays. "As part of our rigorous product development process, we continuously evaluate key factors such as design, supply chain readiness, and unit economics to ensure a competitive and high-quality offering," Tata said in its statement. Sign in to access your portfolio
Zawya
12-03-2025
- Automotive
- Zawya
Jaguar Land Rover shelves plan to build EVs at Tata's India plant, sources say
Jaguar Land Rover has shelved plans to build electric vehicles at parent company Tata Motor's upcoming $1 billion factory in southern India, four people with knowledge of the matter said. The British luxury car unit was unable to find the right price-quality balance for locally sourced EV parts, three of them said, adding that the decision also reflects slowing demand for electric cars. "For India, all the work (on JLR electric vehicles) has stopped. Everything has been suspended since about two months," said a supplier source. Global car brands are revamping their electrification plans amid stiff competition from Chinese players, a shift in demand in favour of hybrids and as governments ease timelines to meet emission rules and EV sales targets. JLR's decision is also expected to delay plans for Tata Passenger Electric Mobility, Tata's local electric car unit, to launch the first of its premium Avinya models, the sources said. The cars are to be built on the same platform as JLR's electric vehicles and some components were to have been jointly sourced. Tata began construction of the new factory, which will also assemble vehicles other than EVs, in September. The plant is slated to produce over 250,000 cars a year when it reaches full capacity in about 5-7 years. The shelved plans called for JLR to manufacture more than 70,000 electric cars there and Tata's EV unit to build 25,000, the sources said. The sources were not authorised to speak to media and declined to be identified. Tata said in a statement to Reuters that the production timelines and choice of models to be built at the new factory in the state of Tamil Nadu will be aligned with Tata and JLR's broader strategy and market requirements. Tata, the biggest seller in India's nascent EV market, faces growing pressure from rivals like JSW MG Motor and Mahindra and Mahindra which have launched new, feature-rich models with longer driving ranges. Tesla is also finalising plans to launch EVs in India, which is the world's third-largest car market with 4 million vehicles sold annually. EV sales currently account for about 2% of total car sales. ECONOMICS NOT WORKING OUT In November, JLR hosted a meeting with local suppliers in Mumbai where it shared details of its plans and talked about locally sourcing components. Some suppliers were asked to provide initial information on the pricing of parts but those talks have now been suspended, according to the sources. JLR has most of its production in Britain, Europe and China. But it assembles some of its cars like the Range Rover SUVs at Tata's plant in Pune in the western state of Maharashtra. Tata's EV unit had planned to firm up orders with some suppliers by the end of January but is now making changes to its designs as the economics of its plan are not working without JLR, two of the sources said. Tata in January pushed back the launch of its Avinya EV to 2026-2027 from an earlier plan for this year. It was not immediately clear if the current situation will cause further delays. "As part of our rigorous product development process, we continuously evaluate key factors such as design, supply chain readiness, and unit economics to ensure a competitive and high-quality offering," Tata said in its statement. (Reporting by Aditi Shah; Editing by Edwina Gibbs)
