Tata Motors Announces $4 Billion Investment to Drive Growth in Electric Vehicles and New Passenger Models
Tata Motors, India’s leading automobile manufacturer, has announced a bold investment of ₹35,000 crore (~$4.1 billion) over the next five years to significantly expand its electric vehicle (EV) and passenger vehicle (PV) offerings. This strategic initiative aims to strengthen the company’s leadership in India’s fast-evolving auto market and accelerate the transition toward sustainable mobility.
This investment will be directed toward the development of 7 new products, upgrades to existing models, advanced technology integration, and the expansion of manufacturing and charging infrastructure.
Key Investment Highlights:
- Doubling the product portfolio from 8 to 15 models by FY2030
- Major focus on EVs, CNG vehicles, and connected car technologies
- Continued rollout of high-demand models such as Harrier EV, Curvv EV, and Avinya
- Strengthening EV ecosystem through partnerships with Tata Power for widespread charging network coverage
- Targeting 18–20% market share in the Indian PV segment by FY2030
New Electric Models & Innovations
- Tata Harrier EV – Launched June 2025, up to 627 km range, Level 2 ADAS
- Tata Curvv EV – Stylish coupe SUV, 502–585 km range, launched in August 2024
- Tata Avinya – Futuristic five-seater electric SUV with 500 km range, arriving in 2026
- TATA.ev Charge App – Integrated platform for finding real-time EV charging stations across India
Comments from Leadership
Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said:
“This investment underlines Tata Motors’ vision of leading India’s green mobility revolution. We are not only focusing on product expansion but also building a strong ecosystem that supports mass EV adoption.”
EV Sales Milestones
- FY2024 EV revenue: ₹9,300 crore (~$1.12 billion)
- Over 73,000 electric vehicles sold
- Tata EVs account for 75% of all EVs sold in India