Tata Motors has announced that 25 percent of its passenger vehicle sales are now comprised of electric vehicles (EV). The company reported that currently, the demand for its EVs is three times higher than the supply. The company holds its place as the largest electric vehicle manufacturer in India in mainstream passenger vehicles, as it has the most extensive range, with seven different models.
The passage indicates that electric vehicles are gaining popularity in India, as these vehicles offer lower operating costs and are much cleaner and quieter than traditional internal combustion cars. Tata Motors has been at the forefront of the EV revolution and has seen a dramatic rise in demand for its battery-powered cars, and as such, the company has diversified its offerings to meet the needs of the market while also working to increase its production capabilities.
However, as EVs are in higher demand, the company is having a difficult time keeping up with the market. The passage states that the company is working to reduce the gap between supply and demand. A company spokesperson said that the company’s monthly output of EVs had more than doubled over the last year alone. It has gone from an average of 7,500 to 8,000 units to more than 16,000 in recent months. “Last month, we have now ramped up the capacity beyond 16,000. So, we have doubled it,” Chandra said. It is expected that the company will continue raising the production of its electric vehicles in order to meet the increased demand.
The growth in capacity is likely to give the company a much-needed boost in its efforts to keep up with the popularity of its electric vehicles, which is currently growing exponentially. The company is optimistic that 25 percent of its sales will remain electric, and it is working to move past the supply chain issues it has experienced. Industry analysts believe that the 25 percent figure is a good indicator that Tata’s early investments in electrification are paying off.