Latest news with #Tigor
Time of India
13 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
a day 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
Time of India
04-06-2025
- Automotive
- Time of India
With Harrier EV, Tata Motors pushes to sustain EV leadership
Mumbai/ New Delhi: Despite the low penetration of electric vehicles in India's passenger car segment at present, the segment is poised for growth this year. Capitalising on this opportunity, Tata Motors on Tuesday launched its third EV, the Harrier SUV, built on its dedicated pure EV architecture-- ETAuto has learnt that the automaker has set an internal annual sales target of 50,000 units for the Harrier EV. Tata Motors initially introduced the Nexon, Tiago, and Tigor EVs on its first-generation architecture, which was adapted from internal combustion engine (ICE) platforms. However, the company has since shifted to a Gen-2 or pure EV architecture, which claims to offer greater flexibility in drive configurations, battery formats, and chemistries. The Punch EV was the first model launched on this dedicated EV platform, followed by the Curvv. Launched at an introductory price of ₹21.49 lakh (ex-showroom), the Harrier EV features a Quick-Wheel Drive (QWD) dual-motor setup enabling all-wheel drive and delivering a peak torque of 504 Nm. The front motor produces 158 PS, while the rear generates 238 PS, allowing the SUV to accelerate from 0–100 km/h in 6.3 seconds. It supports fast charging, offering 250 km of range in just 15 minutes. The motors are supplied by Tier-1 majors Schaeffler and Tata AutoComp. The vehicle comes equipped with six terrain modes and off-road assist, and introduces Tata Motors' advanced SDV architecture, which runs on 500 million lines of code. Safety is prioritised with over 20 Level 2 ADAS features, including Adaptive Cruise Control, Lane Keep Assist, and Autonomous Emergency Braking, alongside seven airbags, all-wheel disc brakes, ESP with i-VBAC, hill descent control, and tyre pressure monitoring. In conversation with ETAuto, Anand Kulkarni, Chief Products Officer, Head of HV Programs and Customer Service, Tata Passenger Electric Mobility said the Harrier EV based on evolving consumer trends like YOLO (You Only Live Once) and FOMO (Fear of Missing Out), reflecting a desire to try new experiences. The vehicle is positioned as a 'third space' beyond home and work, where users can recharge and reconnect. With the launch of this model, Tata Motors is seeking to regain its lost market share, as it faces stiff competition in the EV space from its rivals, particularly JSW MG Motor and Mahindra & Mahindra. Although it still remains a market leader in the segment, the auto giant has seen its share decline from around 71 per cent in FY24 to 54 per cent in FY25. EV penetration in the segment currently stands at around 2.5 per cent. Innovations in battery tech The automaker remains cautious about exploring alternative battery chemistries like sodium-ion technology. Kulkarni noted that while sodium-ion batteries are promising due to safer, more abundant materials, initial interest was driven by high lithium costs. With lithium prices stabilising, the urgency around sodium-ion has lessened. From a global standpoint, he sees fully sodium-ion-powered vehicles unlikely to hit the market for at least a few more years. Cost remains a critical factor, and shifting economics often reshape the direction of such conversations. Nevertheless, he emphasised the importance of continued investment in technical innovation, particularly as energy density–one of sodium-ion's main limitations– continues to improve with ongoing R&D efforts. Addressing the concept of Battery-as-a-Service (BaaS), Kulkarni noted that while it remains a viable option if there is sufficient demand, the prevailing sentiment among Indian consumers leans toward battery ownership. 'Indian customers typically prefer to own the battery,' he said. Although a lower upfront price through BaaS might appeal to a niche segment, he emphasised that it is not the dominant expectation in the market. 'Price difference may attract some customers, but overall, ownership remains the preferred model.' EV trajectory Kulkarni noted that there has been a clear reduction in range anxiety and increasing acceptance of EVs among the customers in India. He highlighted that Tata Motors EVs have collectively covered 8 billion kilometers across over 200,000 vehicles. While daily drives once averaged 40–45 km in short trips, usage has evolved to 75–80 km per trip, with EVs now used more frequently than comparable ICE vehicles. He also revealed that the company is also working on the new Avinya platform. However, he did not share any specific details. Reflecting on the evolving competitiveness of the Indian EV industry, he noted that the landscape has changed significantly over the past five years. 'Back then, my answer would have been very different. But today, as a country, we've developed real expertise.' A key enabler has been the push for deep localisation, which has helped build critical competencies and a robust supply ecosystem. He also highlighted a defining characteristic of the Indian market– its high sensitivity to cost. 'This has driven local engineers to innovate and engineer world-class products that meet demanding cost targets, even at low volumes,' he said. As a result, India is now capable of producing highly credible, competitive EV solutions tailored to its unique needs. 'While the future remains uncertain, I am confident that we will not be left behind,' he said.
Mint
04-06-2025
- Automotive
- Mint
Tata Motors plans a premium push as competition intensifies in EV space
Tata Motors Ltd, the country's first carmaker to enter the electric vehicles space with the launch of Tigor back in 2018, aims to bolster its presence in the premium EV segment while ensuring products across a full spectrum of price points amid intensifying competition. India's third-largest automaker by the number of cars sold launched the EV variant of its Harrier sports utility vehicle (SUV) on Tuesday at an ex-showroom price of ₹21.49 lakh. The launch of the new electric vehicle comes at a time when Tata Motors' lead in the electric vehicles segment is being aggressively challenged by MG Motor India, Mahindra & Mahindra (M&M) and Hyundai. Its market share in the EV space slumped to 55.4% in FY25, from 73.1% in FY24 and 84% in FY23. As many as 117,000 EV cars were sold in India in FY25. However, Shailesh Chandra, managing director at Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, noted that the company's key strength is its strategy to have a presence in each price point. Also Read: How Tata Motors plans to win back the market with its hatchbacks 'The right way to look at the market is to divide it into three segments based on pricing. Through our launches this year, we will have 2 cars each in the entry segment, mid segment and the high segment," Chandra told Mint in an interview. 'After Harrier and Sierra launches this year, we will go even further in the premium segment with more launches in upcoming years." Focus on volumes Sales of higher-priced cars result in an increase in the average selling price, which allows a company to have more revenue even if the volume declines. Mahindra & Mahindra had stated earlier that it is looking to dominate the market through leadership in revenue market share. During the January to March quarter, M&M garnered a 33.1% revenue share. However, Chandra says Tata Motors will not shift its focus to revenue market share and instead look to dominate volumes. 'While selling more luxury vehicles can help get more revenue share, whether you are a popular brand among the customers of the country is decided by the share in volumes," Chandra highlighted. But the car market has not given automakers many reasons to cheer in the last one year. During the last financial year, the growth in the passenger vehicle market was just 2%. Tata Motors sales in the year was at 556,263 units, 3% lower than in FY24. 'You have to try and excite a tepid car market through new launches," Chandra said. Market share, service challenges During April and May 2025, Tata Motors' share in the EV market fell to 38% with 9,043 units sold. Since late last year, it has faced pressure from Windsor EV of JSW MG Motor India, Creta EV of Hyundai Motor India and Mahindra electric SUVs BE 6 and XEV 9e. Shares of Tata Motors fell 1% on Tuesday to close at ₹704.30 apiece on the National Stock Exchange. The stock has fallen 5.5% during 2025 as against a 0.86% rise in Nifty Auto index. Also Read: Trump's tariffs push Indian exporters to redraw game plans While Tata Motors is trying to address the challenge by introducing new models in each price range, it is also addressing customers' complaints about the company's servicing capabilities. During a meeting with analysts in March, the management acknowledged that there was an issue with service capabilities. 'Management indicated that while most of its products are well positioned, there is a need to enhance the service capabilities of its outlets," analysts at Motilal Oswal Financial Services wrote in a 11 March note. 'Given the rise in its market share without a corresponding increase in servicing throughput, customers are now facing challenges in receiving timely service." Chandra also noted that the company's focus in the last one year has been on improving servicing capabilities. 'Our growth in the last few years in a few cities was more than anticipated, which led to some hotspots emerging where our service capabilities lagged. We have focused on increasing servicing bays at our service centers, adding more than 1,300 bays over the last one year," he said. EV offerings, premiumization plans In 2025, Tata Motors has been trying to increase the premium experience of its cars with refreshed launches of its hatchbacks Tiago and Altroz. To get growth back in the passenger vehicle market, it is expanding offerings in the electric vehicle space and premiumising its cheaper hatchback cars in the sub- ₹10 lakh range to attract more customers. Also Read: Fronx, Jimny drive Maruti's export boom to Japan amid home market slowdown "Refresh launches of Altroz and Tiago (launched in Q4) will help Tata Motors regain lost market share in hatches, while the launch of Sierra ICE and EV and Harrier EV may strengthen Utility Vehicle share," Jay Kale of Elara Capital wrote in a 14 May note.
