EVs to account for 25% of Tata Motors' PV sales: N Chandrasekaran

Electric vehicles (EVs) could constitute about 25 per cent of the total passenger vehicle sales at Tata Motors “in the medium to long term”, said the company on Friday, as it seeks to ride the electrification trend in the country.

The automobile major will announce its fundraising plans to support the EV business, N Chandrasekaran, chairman, Tata Motors, told shareholders at the company’s 76th annual general meeting. At present, EVs account for 2 per cent of the company’s passenger vehicle (PV) sales.  

“Tata Motors has a very ambitious goal for EVs. We have planned at least 25 per cent of our total