Latest news with #Tiago
Time of India
2 days 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
2 days 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
2 days 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
10-06-2025
- Automotive
- Hindustan Times
CNG car demand rising fast amid EV push. What's propelling growth in this segment?
CNG cars offer an alternative to petrol and diesel vehicles and also emit less pollution. CNG cars also cost less to run than petrol or diesel cars. It has gained popularity in India with sales hitting record margins. Check Offers CNG is the new black. The cleaner fuel technology that emits fewer pollutants into the environment, while also not coming with range anxiety that is typically associated with electric vehicles, has been witnessing a rapid surge in demand in the Indian passenger vehicle market. This is one reason beyond the players in this segment, including Maruti Suzuki, Tata Motors and Hyundai; other OEMs like Renault and Nissan too have started offering CNG as retrofitment kit options for their vehicles in the country. Among others, Toyota also sells CNG cars in India, but the vehicles are originally rebadged versions of Maruti Suzuki models under the global partnership between Suzuki and Toyota. CNG cars recorded 35 per cent YoY growth in CY24 In CY2024, CNG-powered passenger vehicles registered a strong 35 per cent growth in retail sales, which reflects the cleaner fuel's compelling value proposition. Maruti Suzuki, with its 15-model portfolio, recorded more than 500,000 units for the first time annually to hold its firm grip in the CNG segment with a 71.60 per cent share. Tata Motors sold 115,432 units, registering a 16.13 per cent market share. Vahan data revealed that Hyundai and Toyota retailed 71,811 units and 15,815 units, respectively, in the last calendar year. These two OEMs registered 10.04 per cent and 2.21 per cent market shares, respectively. In CY24, Tata's CNG car market share increased the most at 77 per cent, while Maruti Suzuki, Hyundai and Toyota recorded 30 per cent, 16 per cent and 118 per cent, respectively. Maruti Suzuki, Tata registered significant growth in CNG sales in FY25 Tata Motors, which has been selling its range of passenger vehicles with petrol-CNG bi-fuel powertrains and factory-fitted twin-cylinder CNG kit in models like Tiago, Tigor, Punch, Altroz, etc, has claimed that it has recorded a 35 per cent growth in demand for the CNG passenger vehicles. The homegrown auto giant has sold 1.39 lakh CNG-powered passenger vehicles in FY25 as compared to 91,000 units in FY24, which registered a massive growth. The largest carmaker in India, Maruti Suzuki, sold around 6.2 lakh CNG-powered passenger vehicles in FY25, which marked a year-on-year growth of over 28 per cent. This also represented the fact that one in every three Maruti Suzuki cars sold in FY25 ran on CNG. Interestingly, this number also marked sales beyond the initial target. At the beginning of the previous financial year, the OEM had set a target of selling over six lakh CNG cars. What's propelling CNG car sales growth? India's passenger vehicle market has been undergoing a significant and multi-dimensional transformation. One of the key changes is the widespread adoption of CNG cars. Previously, CNG penetration in the personal vehicles segment was low. It was the fuel of choice in the commercial vehicle segment and in the fleet category. However, the higher petrol and diesel prices have been driving the cost-conscious consumers toward CNG-powered passenger vehicles. This shift in consumer preference toward CNG cars is further amplified by the challenges in the adoption of electric vehicles, which include range anxiety, high upfront cost, inadequate public charging infrastructure, etc. While hybrid is a viable option to fill the gap between the pure ICE (Internal combustion engine) models and electric vehicles, the high cost of acquisition and lack of models' availability in the market are hindering the adoption pace. In such a situation, CNG is filling the gap as a viable fuel solution that is comparatively cheaper in price, offers a lower cost of operation, emits lower pollutants and enjoys the benefits of government regulations as well. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 10 Jun 2025, 11:45 AM IST
NDTV
10-06-2025
- Automotive
- NDTV
Tata Motors To Launch 30 Models By FY30, 7 To Be All-New Nameplates
Tata Motors has revealed its future roadmap during its latest investor presentation, confirming the introduction of multiple new products in the market. Based on the latest announcement, the Indian automaker will launch up to 30 new products by FY30. This list includes 7 new nameplates and 23 new along with facelifts of the models currently on sale. With this, the automaker will have over 15 nameplates in its lineup covering various segments and powertrain options. While Tata Motors still kept quiet on most of the details, they revealed that the focus will be on SUVs and new body types like coupes and crossovers, which are likely to gain more consumer traction. The Indian automaker also predicted that the MPV bodystyle is likely to see a sharp growth with increasing product offerings in the industry. This is because of the growing appeal of the models as family vehicles. Specifically, the MPV segment is likely to grow by up to 50 per cent in FY30 compared to FY25, while the SUVs will see a growth of up to 55 per cent. For FY26, the brand has already launched models like the latest iteration of the Tiago, Altroz Facelift, and Simultaneously, the automaker plans on diversifying the powertrain range of the Harrier and the Safari, which are on sale. Meanwhile, there are plans to launch the Sierra SUV into the market. The SUV is still under development, with multiple sightings of the camouflage-covered test mules. The list of new nameplates also includes the Avinya range, which until now has been seen only in concept form. The name will likely be used on various body styles, bringing a new design language. The details are yet to be revealed, but we can expect it to have both ICE and EV powertrains. Apart from this, Tata Motors will also offer two new ICE products and EV products. The names and details are still under a veil.
