Tata Motors plans ₹18K-cr push for EV biz

Carmaker gears up to roll out five new EVs by 2030

- AKBAR MERCHANT

TATA MOTORS IS stepping up investments and expanding its electric vehicle (EV) portfolio as it looks to retain a dominant 45-50% share of the EV passenger vehicle market over the rest of the decade.

The automaker on Tuesday said it will invest ₹16,000-18,000 crore in its EV business by FY30 and roll out five new electric models by the end of the decade, including premium offerings under the Avinya brand. The investments will span new products, EV-specific platforms and a significant expansion of charging infrastructure, as competition in the segment intensifies and adoption begins to broaden beyond early urban buyers.