Tata Motors is making a bold move to dominate India’s electric vehicle (EV) market, announcing plans to invest a whopping $4.1 billion over the next five years. With rising competition and a national push toward cleaner transportation, the automaker aims to expand its fleet from eight models to 15, including more EVs and compressed natural gas (CNG) options, while boosting tech features. This strategic push comes as India tightens emission norms and targets EVs to make up 30% of all car sales by 2030.
While Tata Motors hasn’t disclosed its annual spending details, it recently revealed an 80-billion-rupee budget for its domestic businesses, including commercial vehicles. The company faces stiff competition, with rival Mahindra & Mahindra overtaking it in the combustion engine market and MG Motor’s Windsor EVs outselling Tata’s models since late last year. Still, Tata remains confident in its long-term vision.
Despite the challenges, Tata Motors is holding firm to its ambitious goals: a 16% market share by March 2027 and 18%-20% by 2030. With this massive investment, the automaker is betting big on innovation and sustainability to stay ahead in India’s fast-evolving automotive landscape.