Latest news with #NexonEV
Time of India
2 hours ago
- Automotive
- Time of India
TaMo Accelerating EV Strategy: Chairman
Tata Motors chairman N Chandrasekaran has told shareholders that the company is accelerating its electric vehicle (EV) strategy, even as it closely monitors supply chain and geopolitical risks that could affect growth. Speaking at the company's 80th Annual General Meeting (AGM), Chandrasekaran said, 'We expect to reach 30% EV penetration well before 2030. We already have a strong portfolio—with Nexon EV, Punch EV, Tiago and Tigor—and we have several more models in the pipeline.' EVs accounted for 15% of Tata Motors' passenger vehicle volumes in FY25. While Tata Motors still leads India's EV market with over 50% share, this is down from more than 85% two years ago, as rivals such as Mahindra, Hyundai and MG step up their offerings. 'Yes, competition has increased, but we remain fully committed and have a strong runway,' Chandrasekaran said. The company plans to introduce a range of new models in the space to protect its turf in a segment where it has been a first mover. He also addressed concerns around sourcing rare earth magnets used in EVs amid global trade tensions. 'We are not facing any issues. We are able to source the magnets we need and have the right level of inventory. We're also working with the government on alternative resources. This is something we are watching very carefully.' On the proposed increase in US tariffs on UK-manufactured vehicles—which would impact JLR—Chandrasekaran said, 'If the tariffs had gone to 27.5%, the impact would have been £1.6 billion. With the UK-US trade deal, that's coming down to 10%, and JLR's mitigation steps will reduce the impact to around £600 million.' He confirmed Tata Motors' participation in the government's EV bus programs through its dedicated mobility business and said the company is also testing 12 hydrogen buses and trucks . However, he cautioned, 'The cost of production and operations for hydrogen is still very high. This won't scale in the near term.' Chandrasekaran reaffirmed that the demerger of the passenger vehicle and commercial vehicle businesses remains on track.
Time of India
9 hours ago
- Automotive
- Time of India
No supply issues for EV magnets, monitoring geopolitical risks closely: N. Chandrasekaran
Tata Motors chairman N. Chandrasekaran on Friday told shareholders at the company's 80th annual general meeting that the company is accelerating its electric vehicle (EV) strategy, even as it closely monitors supply chain and geopolitical risks that could affect growth. EVs accounted for 15 per cent of the company's passenger vehicle sales in the last financial year. Tata Motors now aims to reach 30 per cent electric vehicle penetration well before 2030. 'We already have a portfolio—with Nexon EV , Punch EV, Tiago and Tigor—and we have several more models in the pipeline,' Chandrasekaran said. Tata Motors continues to lead the Indian EV market with over 50 per cent share, although this has declined from 79 per cent two years ago as Mahindra & Mahindra, Hyundai Motor India and MG Motor India expand their offerings. 'Yes, competition has increased, but we remain fully committed and have a runway,' he said. Supply chain, tariff impact under watch Chandrasekaran said the company is monitoring supply chain and geopolitical risks, including the sourcing of rare earth magnets used in EVs. 'We are not facing any issues. We are able to source the magnets we need and have the right level of inventory,' he said. 'We're also working with the government on alternative resources. This is something we are watching very carefully.' He addressed concerns around increased US tariffs on UK-made vehicles, which would affect Jaguar Land Rover . 'If the tariffs had gone to 27.5 per cent, the impact would have been £1.6 billion. With the UK-US trade deal , that's coming down to 10 per cent, and JLR's mitigation steps will reduce the impact to around £600 million,' he said. Tata Motors will participate in the government's EV bus programmes through its mobility business and is testing 12 hydrogen buses and trucks. 'The cost of production and operations for hydrogen is still high. This won't scale in the near term,' he said. The company's plan to demerge its passenger and commercial vehicle businesses remains on schedule. Both units are expected to list separately in the December quarter. 'All three businesses have balance sheets and cash flows. There is no need for large-scale debt unless a strategic opportunity arises,' Chandrasekaran added.
Time of India
19 hours ago
- Automotive
- Time of India
Tata Motors to accelerate EV push; JLR tariff impact mitigated
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai: Tata Motors chairman N. Chandrasekaran on Friday told shareholders that the company is accelerating its electric vehicle (EV) strategy, even as it closely monitors supply chain and geopolitical risks that could affect at the company's 80th annual general meeting, Chandrasekaran said, 'We expect to reach 30% EV penetration well before 2030. We already have a strong portfolio—with Nexon EV , Punch EV, Tiago and Tigor—and we have several more models in the pipeline.' EVs accounted for 15% of Tata Motors' passenger vehicle sales in the last fiscal the auto maker continues to lead India's EV market with a more than 50% share, it has fallen more than more than 85% two years ago, as rivals such as Mahindra & Mahindra, Hyundai Motor India , and MG Motor India step up their offerings.'Yes, competition has increased, but we remain fully committed and have a strong runway,' Chandrasekaran said, without also addressed concerns around sourcing rare earth magnets used in EVs amid prevailing trade tensions globally. 'We are not facing any issues. We are able to source the magnets we need and have the right level of inventory,' he said. 'We're also working with the government on alternative resources. This is something we are watching very carefully.'On the proposed increase in US tariffs on UK-manufactured cars, which would impact unit Jaguar Land Rover , Chandrasekaran said, 'If the tariffs had gone to 27.5%, the impact would have been £1.6 billion. With the UK-US trade deal , that's coming down to 10%, and JLR's mitigation steps will reduce the impact to around £600 million.'He confirmed Tata Motors' participation in the government's EV bus programmes through its dedicated mobility business, and said the automaker is also testing 12 hydrogen buses and trucks. However, he cautioned, 'The cost of production and operations for hydrogen is still very high. This won't scale in the near term.'Chandrasekaran reaffirmed that the demerger of Tata Motors' passenger vehicle and commercial vehicle businesses remains on track, with both units expected to list separately in the December quarter. 'All three businesses have strong balance sheets and cash flows. There is no need for large-scale debt unless a strategic opportunity arises,' he said.
Hindustan Times
14-06-2025
- Automotive
- Hindustan Times
Auto recap, June 13: MG ZS EV gets a price cut, Royal Enfield's Flying Flea electric bikes spotted
Royal Enfield Flying Flea has been showcased in India. Check Offers The automotive industry is experiencing rapid changes, which makes it difficult to stay informed about all the latest advancements. At HT Auto, we are dedicated to delivering the most relevant and current information as it becomes available. Below is a concise overview of the key highlights from Friday, June 13. MG ZS EV gets a price cut JSW MG Motor celebrates its sixth anniversary in India by announcing a price reduction across all variants of the ZS EV electric SUV. The 2025 MG ZS EV has received a significant price decrease of up to ₹ 4.44 lakh. The starting price for the ZS EV is now ₹ 16.75 lakh, reaching a maximum of ₹ 20.50 lakh (ex-showroom). This price reduction renders the ZS EV considerably more affordable, surpassing the prices of the Tata Curvv EV, Hyundai Creta Electric, Mahindra BE 6, and even the MG Windsor Pro (fixed battery option). Also Read : MG ZS EV gets a massive price cut of up to ₹ 4.44 lakh Tata Curvv EV and Nexon EV get lifetime warranty Tata Motors is set to introduce a lifetime warranty with no limit on kilometres for the Curvv EV and Nexon EV. The term 'lifetime' pertains to a duration of fifteen years starting from the initial registration date of the vehicle at the local RTO office. Existing owners will also be eligible to receive these advantages. It is crucial to highlight that only owners of the 45 kWh Nexon EV qualify for this benefit. For subsequent registrations, the warranty will be valid for 8 years or 1,60,000 km for both the Nexon EV 45 and Curvv EV. Tata emphasizes that all owners following the first must notify the brand regarding the transfer of ownership; otherwise, the battery warranty will not be provided. It is important to note that there are terms and conditions to get the lifetime warranty. Also Read : Tata Curvv EV and Nexon EV get lifetime warranty Royal Enfield Flying Flea C6 and S6 Scrambler spotted Royal Enfield has commenced high-altitude testing of its inaugural electric motorcycles, the Flying Flea C6. Although the C6 has previously been seen on both Indian and international roads, this marks the first occasion we observe the S6 Scrambler in action on the streets. The company has already announced that the Flying Flea C6 is set to be launched in the fourth quarter of FY2026. Manufacturers evaluate their vehicles under diverse climatic conditions to gauge their performance, which explains why the Flying Flea motorcycles are currently in Ladakh. Also Read : Royal Enfield's Flying Flea C6 and S6 Scrambler spotted at Ladakh Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 14 Jun 2025, 08:58 AM IST
Hindustan Times
13-06-2025
- Automotive
- Hindustan Times
Tata Curvv EV and Nexon EV get lifetime warranty
Tata Nexon EV is one of the most popular electric vehicles in India. The Curvv EV is the most affordable coupe electric SUV in the market. Check Offers Tata Motors is preparing to launch a lifetime warranty with unlimited kilometres for the Curvv EV and Nexon EV. The 'lifetime' here refers to the period of fifteen years from the first date of registration of the vehicle at the local RTO office. Even the existing owners will be able to get these benefits. It is important to note that owners of only the 45 kWh Nexon EV are eligible for this benefit. For the second registration onwards, the warranty will be 8 years or 1,60,000 km for the Nexon EV 45 and Curvv EV. Tata says that all the owners after the first one need to inform the brand about the ownership transfer or else the battery warranty will not be offered. Tata unlimited warranty terms and conditions Tata Motors has set a few terms and conditions that the buyer will have to follow to retain his or her unlimited warranty. The vehicle must be serviced or repaired at an authorised service station, following the maintenance schedule recommended by TATA Passenger Electric Mobility Limited. Registration of the vehicle should be done in the name of private individuals. Registrations made under the company perk car scheme for employees, including subsequent transfers of the vehicle to the same employee. The warranty shall be null and void if the vehicle is transferred or sold to any third party. The vehicle must maintain an active & uninterrupted connection throughout the entire ownership period. The battery must be free from any physical damage or tampering. In case of replacement/repair of HV battery during the warranty period, will bring the energy capacity of the HV battery to a value equal to steady state SOH before battery replacement or at 80 per cent, whichever is higher. We would request that you to get in touch with the nearest dealerships, as they would be able to explain and have the full list of terms and conditions. Also Read : Tata Harrier EV vs Tata Curvv EV: Which 22 lakh EV will you pick The first product from Tata Motors to get an unlimited warranty was the Harrier EV. However, there is a slight difference where the second registration onwards, the owner gets 10 years or 2 lakh kilometres of warranty. Till now, the homegrown manufacturer used to offer 8 years or 1,60,000 km of warranty on the battery pack of its electric vehicles. Check out Upcoming EV Cars in India. First Published Date: 13 Jun 2025, 12:11 PM IST
