Tata Motors Turns to ICE as EV Growth Slows

Tata Motors Ltd, India's largest electric car maker, is considering new petrol and diesel models, besides extending the life of existing fossil fuel-driven variants, as the adoption of battery-powered mobility slows in key markets, including the US and the UK.

- Ayaan Kartik

NEW DELHI: The country's third largest carmaker, in its interaction with analysts on Tuesday, also acknowledged that competition has increased in the electric vehicle (EV) segment, especially from JSW Group's MG Windsor in India.

"Given the uncertainty around the pace of EV adoption in key markets, the company may need to extend the life of its internal combustion engine (ICE) platforms beyond the originally planned timeline," Motilal Oswal's analysts Aniket Mhatre and Amber Shukla wrote in an 11 March note. "It may also consider launching new ICE variants in the future."

Tata Motors didn't respond to Mint's emailed queries till press time.