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Tag: Tata Motors

  • Tata Motors Reaffirms Long-Term Confidence In EV Segment Despite Sales Dip | Auto News

    Electric Vehicles In India: Tata Motors on Wednesday said it remains confident about the long-term prospects of the electric vehicle segment and termed the fall in sales numbers a “short-term” issue. Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicle and Tata Passenger Electric, said “EV industry is a part of the larger PV trend that we are seeing of overall demand stress, which I would say is of a temporary nature.” The good thing is that inquiries and bookings are holding well, he said.

    There was a very high base effect of the first quarter also, he said, and added that “therefore there’s a larger industry trend also impacting (the sales) but primarily EV has come down because of the fleet segment.” 

    “So, I don’t see an issue from a mid-to-long term as far as EVs are concerned,” Chandra said. The passenger electric vehicle sales for Tata Motors and other OEMs have been on a declining trend for the last four months.

    According to automobile dealers’ body FADA, passenger electric vehicle sales in July dipped 2.92 per cent year-on-year to 7,541 units from 7,768 units in the same month last year, with market leader Tata Motors seeing a 12 per cent decline at 4,775 units as against 5,471 passenger electric cars retailed in July 2023.

    He said that the personal segment is absolutely stable in demand but the fleet segment came down completely in the first quarter because of the pre-buying in the March quarter due to the discontinuation of the FAME-11 scheme, which is 20 per cent of our total sales.

    “That was the whole reason and there is a high-base effect of last year,” he added. Chandra said that the barriers which existed two years back when the EVs were growing at 100-200 per cent, were much higher as compared to now from a charging, price or range anxiety perspective.

    Today there are 15,000-16,000 EV charges on the highways as compared to a few hundred that were there earlier, Chandra said. “So why there should be any concern,” he said.

    “So I believe that it’s a short-term issue and we should not bother too much about (the declining sales numbers). The long-term trend has to be EV and therefore one should be very confident and focused on that,” he said while referring to a 12 per cent year-on-year decline in EV sales in July 2024.

    Chandra said that the regulations are also being framed in a manner that promotes the EV industry. He said that hopefully the FAME-III incentives should also be able to accommodate and continue what was in the earlier version of the scheme in terms of the category of vehicles.

    Tata Motors’ passenger electric portfolio now comprises Tiago EV, Tigor RV, Punch EV, Nexon, and Curvv EV. Moreover, EV sales account for 12 per cent of the company’s total sales. Chandra said that the company is looking to achieve one-lakh electric vehicle sales this financial year.

  • India’s New EV Policy Not Suitable For JLR At present: Tata Motors Group CFO | Auto News

    Tata Motors Group CFO PB Balaji Interview: Tata Motors on Thursday said its British arm Jaguar Land Rover has no plans at present to leverage India’s new electric vehicle policy that offers import duty concessions to firms setting up manufacturing units in the country, as it is not suitable for the company.

    In March this year, the government announced the new electric vehicle policy to attract major global players like Tesla, allowing them to import a limited number of cars at lower customs/import duty of 15 per cent on vehicles costing USD 35,000 and above for a period of five years from the date of issuance of the approval letter by the government.

    “At this point in time that specific policy is not something that is suitable for us. So, we don’t intend to leverage it at this point in time,” Tata Motors Group CFO PB Balaji said at the earnings conference.

    He was responding to a query on whether Jaguar Land Rover (JLR) has any plans to leverage India’s new EV policy with an eye on future mass production of electric vehicles in the country.

    Balaji said that currently, JLR’s business in India is “on a very good wicket, growing very strongly”. “We have just localised the manufacturing of Range Rover and Range Rover Sport, and we are seeing huge pickups in order in that front. As volumes pick up, we would like to keep localising to the extent possible, and if the policy environment we are able to leverage upon, we will definitely consider it,” he added.

    At the same time, he said, “we will continue to look at opportunities of CKD (completely knocked down) manufacturing to ensure that we take the same benefits of 15 per cent customs duty without taking on additional obligations in terms of both localisation as well as bank guarantees. Therefore, we continue to evaluate CKD operations as more attractive to us, given our size and scale in India at this point in time”.

    The new EV policy sought to promote India as a manufacturing destination for EVs and attract investment from reputed global manufacturers. Under the policy, the approved applicants will have to set up manufacturing facilities in India with a minimum investment of Rs 4,150 crore (USD 500 million) for the manufacturing of e-4W (electric four-wheelers) and provide a bank guarantee.

    The manufacturing facilities will have to be made operational within a period of 3 years from the date of the issuance of the approval letter by the Ministry of Heavy Industries and achieve a minimum DVA (domestic value addition) of 25 per cent within the same period, and increase it to 50 per cent in five years.

    According to the policy, the companies will be allowed to import CBUs of e-4W manufactured by them at a reduced customs duty of 15 per cent, subject to the conditions. The maximum number of e-4W allowed to be imported at the reduced duty rate will be capped at 8,000 per year. The carryover of unutilised annual import limits would be permitted.

    Announcing the June quarterly earnings, Tata Motors said its British luxury car arm is likely to witness constrained production in the second and third quarter of the current fiscal, reflecting the annual summer plant shutdown and floods at a key aluminium supplier.

    “As we work towards mitigation and recovery, we will hold our guidance on our key full-year financial deliverables of more than 8.5 per cent EBIT and achieving net cash,” it said.

    The wholesale volumes for JLR during the quarter were up 5 per cent year-on-year at 98,000 thousand units, while the retail sales in the April-June period grew 9 per cent year-on-year to 1.11 lakh units, according to the company.

  • Tata Motors Unveils Dark Edition Of Nexon, Nexon EV, Harrier, Safari: Check Details | Auto News

    Tata Motors has reintroduced the Dark Edition range for its SUV lineup, featuring all-black variants of the Nexon, Nexon EV, Harrier, and Safari models. While these variants were previously available for the pre-facelift versions, they were not updated when the models underwent comprehensive upgrades last year. The Dark range starts with the Nexon Dark, priced at Rs 11.45 lakh (ex-showroom) and goes up from there. The electric version of the Nexon Dark is priced at Rs 19.49 lakh (ex-showroom) onwards. Meanwhile, the Dark Editions of the Harrier and Safari are priced at Rs 19.99 lakh and Rs 26.99 lakh (both ex-showroom), respectively.

    Nexon Dark: Features and Variants

    The Nexon Dark edition will be available in both mid-spec Creative trims and top-spec Fearless variants, priced approximately Rs 35,000 higher than their base models. Notably, the features list remains consistent with the variant it is based on. The top-spec Nexon Dark trims offer additional perks such as wireless charging, a concealed capacitive touch panel for automatic climate control, and black leatherette seats.
    Customers can opt for various powertrain options with the Nexon Dark, including the 1.2-liter turbo-petrol engine paired with a range of transmission choices and the 1.5-liter diesel engine available with manual and AMT options.


    Nexon EV Dark: Features and Trim

    In contrast to the Nexon Dark, the Nexon EV Dark edition is based on the top-spec Empowered + LR trim, priced slightly higher. This variant is equipped with a powerful 145hp, 215Nm electric motor and a 40.5kWh battery pack, offering an impressive ARAI-tested range of 465km.


    Tata Harrier and Safari Dark Editions

    Tata’s flagship SUVs, the Harrier and Safari, have been available with Dark Editions since their launch last October. Notably, the prices have remained unchanged over the past four months. The Harrier Dark edition starts at Rs 19.99 lakh, while the Safari Dark edition is priced from Rs 20.69 lakh.
    The Harrier Dark edition is offered across mid-spec Pure and Adventure variants, as well as the top-spec Fearless variant. Similarly, the Safari Dark edition is available with the mid-tier Pure and Adventure variants, along with the top-spec Accomplished variant. Both SUVs share the reliable 2.0-liter diesel engine and offer manual and torque converter automatic gearbox options.


    With the introduction of Dark Editions for Nexon and Nexon EV, Tata Motors continues to offer customers enhanced style and features across its SUV lineup. 

  • Tata Curvv Interiors Revealed: Check Design And Specifications | Auto News

    Tata Motors continues to rev up excitement in the Indian automotive market with a slew of upcoming launches, the latest being the highly anticipated Curvv. Following the recent debut of the Punch EV and with the electric Harrier on the horizon, all eyes are now on the Curvv, a crossover SUV that promises to redefine the segment. Originally unveiled in 2022 and showcased at the 2023 Auto Expo, the Curvv has been generating buzz ever since.

    Tata Curvv Design

    The Curvv test mule revealed a design that stays true to Tata’s new design philosophy. The front fascia, characterized by a sleek LED strip atop and dual-projector LED headlamps within triangular clusters below, hints at the carmaker’s departure from conventional aesthetics. This bold design language sets the Curvv apart from its predecessors, signaling a new era for Tata Motors.

    What’s Inside the Tata Curvv: 

    Inside the Curvv, there is a minimalist interior with an all-black layout. The cabin boasts modern features, including a floating touchscreen infotainment display, a fully digital instrument console, and Tata’s innovative two-spoke steering wheel with touch panel controls.


    Noteworthy additions such as powered ORVMs, push-button start, wireless smartphone charging, and a panoramic sunroof promise to enhance the driving experience, setting new standards in comfort and convenience.

    Tata Curvv Specifications

    Continuing its trend of offering both internal combustion engine (ICE) and electric variants, Tata aims to cater to diverse consumer preferences with the Curvv. The electric version is expected to feature single- and dual-motor setups, offering impressive range and performance. With a range estimated at 400-500 km on a single charge, the EV Curvv aims to deliver both efficiency and exhilarating driving dynamics.

    For those inclined towards traditional powertrains, the ICE version of the Curvv packs a punch with a new 1.2-litre direct-injection turbocharged petrol engine, showcased at the Auto Expo 2023. Boasting 123 bhp and 225 Nm of torque, coupled with manual and automatic transmission options, the ICE Curvv promises a thrilling driving experience. Additionally, a CNG derivative is expected to join the lineup, further expanding the Curvv’s appeal in the market.

  • CPI(M) drove away Tata from Singur, no longer me: Mamata Banerjee

    Banerjee mentioned she best returned the land to the folks that used to be forcibly received through the previous Left Entrance govt for the Tata Motors' Nano manufacturing facility in Singur in Hooghly district.