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Tata Motors Focuses on Local Battery Production Amid Rising EV Competition

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Tata Motors Boosts EV Edge with Local Battery Focus

Tata Motors, India’s largest electric vehicle (EV) manufacturer, is focusing on locally manufactured EV batteries to sustain its lead in an increasingly competitive market. With its market share in the EV segment slipping to 62% in 2024 from 73% a year earlier, the company is taking steps to secure its supply chain and reduce costs. The competition is intensifying as Mahindra & Mahindra, Maruti Suzuki, and Hyundai prepare to launch new EV models in 2025. Meanwhile, global players like Tesla, as well as regional brands like China’s BYD and Vietnam’s Vinfast, are entering the Indian market.Tata Motors Boosts EV Edge with Local Battery Focus

 

 

Tata Motors is betting on its integrated approach to manufacturing and supply chain management to maintain its competitive edge. The Tata Group has invested $1.5 billion to establish a battery gigafactory in Gujarat under its battery division, Agratas. This facility will produce lithium-ion battery cells locally, which are the most expensive component of EVs. Production at the plant is expected to begin in 2026 and reach full capacity by 2028. The move will provide Tata Motors with better control over its supply chain and help it remain competitive as the EV market evolves.

P.B. Balaji, the Group CFO of Tata Motors, highlighted the importance of securing the supply chain to sustain long-term success in the EV market. He emphasized that launching new EV models is only part of the strategy, and the company’s ability to control production costs through vertical integration would be a significant advantage. By manufacturing batteries locally, Tata Motors can reduce its reliance on external suppliers and potentially lower the cost of its EVs, making them more accessible to Indian consumers.

Tata Motors Boosts EV Edge with Local Battery Focus

Tata Motors’ approach is also supported by the extensive resources of the Tata Group. The company benefits from its ecosystem, which includes component manufacturing and EV charging infrastructure. This integration allows Tata Motors to keep production costs low while ensuring a steady supply of critical resources. The company offers a range of EVs priced between $10,000 and $27,000, catering to a wide range of consumers in India. This broad product lineup positions Tata Motors as a key player in the Indian EV market, particularly as consumer demand for affordable and reliable EVs grows.

In contrast, competitors like Mahindra, Maruti Suzuki, and Hyundai do not have the same level of integration and will need to rely on external suppliers for key components like batteries. This reliance could result in higher production costs and slower scalability, giving Tata Motors a strategic advantage. The company’s strong financial position further reinforces its ability to compete in the evolving market. Tata Motors has secured $1 billion in funding from U.S.-based private equity firm TPG and is a beneficiary of India’s Production Linked Incentive (PLI) scheme for EVs. Under this program, the company expects to receive $750 million in financial support over the next four years, with the first tranche of $17 million already disbursed.Tata Motors Boosts EV Edge with Local Battery Focus

Balaji noted that the company’s EV business is well-funded and positioned for growth. As battery prices decrease, Tata Motors expects its electric vehicle EV business to become increasingly self-sustaining. This financial stability, combined with the company’s focus on local manufacturing and vertical integration, strengthens its position in the competitive EV market.

India’s EV market is still in its early stages, with EVs accounting for just 2.5% of the 4.3 million cars sold in 2024. However, the segment is experiencing rapid growth, with EV sales increasing by 20% in 2024 compared to the overall car market’s 5% growth. Analysts predict that EV sales will double in 2025, driven by new product launches and increased consumer awareness. Tata Motors has set a target to grow its EV sales from 12% of its total car sales in 2024 to 30% by 2030. The company’s strategy of focusing on affordable models and securing its supply chain is expected to help achieve this goal.

Tata Motors’ efforts come at a time when the Indian government is pushing for increased adoption of EVs as part of its broader climate goals. Initiatives like the PLI scheme and the development of EV charging infrastructure are expected to drive the growth of the EV market in India. However, challenges remain, including the need to reduce the upfront cost of EVs and expand charging networks across the country.

Tata Motors Boosts EV Edge with Local Battery Focus

As the EV market evolves, Tata Motors faces competition from both domestic and international players. Global companies like Tesla are expected to enter the Indian market, while regional competitors like BYD and Vinfast are also making inroads. Despite these challenges, Tata Motors’ focus on local manufacturing, financial stability, and vertical integration positions it well to navigate the shifting landscape. The company’s efforts to reduce costs and improve accessibility could set a benchmark for sustainable growth in the Indian EV market.

The Indian EV market is at a critical juncture, with rapid growth expected in the coming years. Tata Motors’ strategic investments in local manufacturing and its integrated approach to the supply chain are likely to play a key role in shaping the future of the industry. With new models and advancements in infrastructure, the company is well-positioned to lead the transition to electric mobility in India.
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Sourabh Gupta

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Mahindra & Mahindra to Unveil Separate EV Financials for Clarity

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M&M to Report Separate EV Financials for Transparency

Mahindra and Mahindra (M&M) is set to present an overhauled monetary revealing design in the final quarter of the flow financial year, planning to improve straightforwardness in its electric vehicle (EV) tasks. The organization intends to rebuild its fiscal reports to unmistakably feature EV fabricating expenses and edges across various portions, offering a more clear understanding into the presentation of its developing electric versatility business.

At its Q3 FY25 profit meeting, M&M‘s Chief, Rajesh Jejurikar, nitty gritty the arranged changes. The new monetary structure will order M&M’s auto financials into explicit portions, with the independent car results furnishing a general picture alongside an itemized breakdown of agreement producing game plans for EVs. This change will make it more straightforward for financial backers and partners to follow the monetary effect of the organization’s electric vehicle adventures.

The move comes when M&M is growing its impression in the EV area and equipping to start appointments for its impending Electric Beginning SUVs from February 14. Albeit electric vehicle deals didn’t altogether affect the organization’s Q3 FY25 results, the new revealing design will produce full results in Q4 FY25, when EV deals begin offering all the more seriously. At first, M&M expects to sell around 5,000 electric SUVs each month across two models, flagging its rising obligation to the EV market.

Under the overhauled monetary construction, M&M Restricted will deal with the creation of electric SUVs, which will hence be conveyed by Mahindra Electric. This arrangement guarantees that M&M’s auto independent section will just reflect transformation cost edges instead of generally item edges. Thus, the organization means to give a more straightforward perspective on real assembling costs.

Jejurikar underscored that this change would assist M&M with isolating transformation costs from other business tasks, prompting better perceivability into the financials of its EV division. The organization likewise plans to report start to finish edges for its electric vehicles, which will incorporate two key parts: the edge on transformation costs recorded under M&M’s auto independent tasks and the profits from item improvement speculations.

In the second from last quarter, M&M posted a 19 percent expansion in net benefit, arriving at Rs 2,964 crore for the period finishing December 31, 2024. This development was driven areas of strength for by for the organization’s game utility vehicles (SUVs) and farm trucks. The organization’s net benefit in a similar period last year remained at Rs 2,490 crore. Moreover, income from tasks saw a 20 percent increment, moving to Rs 30,538 crore in Q3 FY25 contrasted with Rs 25,383 crore in Q3 FY24.

M&M’s vigorous exhibition was upheld by rising ranch salaries, which helped farm vehicle interest. In the interim, flooding interest for models like the ‘XUV 3×0’ and a five-entryway rendition of the famous ‘Thar’ SUV additionally added to the organization’s solid quarterly outcomes. These variables have empowered M&M to explore a generally difficult year for Indian automakers.

On the financial exchange, M&M shares shut at Rs 3,198, denoting an almost 2 percent expansion from the past shutting cost on the Public Stock Trade (NSE). The organization’s stock arose as the top-performing Clever load of 2024, enlisting a huge 84.5 percent ascend over the course of the year.

With its new monetary revealing design, M&M plans to give more noteworthy clearness on its EV tasks and monetary wellbeing, offering financial backers a more straightforward perspective on the organization’s development direction in the electric portability space. The organization’s essential way to deal with isolating EV financials mirrors its emphasis on long haul maintainability and benefit in a quickly developing auto market.

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Mahindra BE6 vs Hyundai Creta EV: Range, Price & Value Compared

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Volkswagen Teases Affordable EV Ahead of 2027 Launch

The Hyundai Creta Electric is Hyundai’s most recent work to give a reasonable EV choice in the Indian market. Changing over a gas powered motor (ICE) vehicle into an electric vehicle (EV) assists makers with saving improvement costs, which can be reflected in the last estimating. Fostering an EV without any preparation is in many cases a more costly and testing process. The Creta Electric plans to adjust reasonableness and execution while contending with other electric SUVs.

The Hyundai Creta Electric will be controlled by two battery pack choices: a 51.4 kWh battery pack and a 42 kWh battery pack. The bigger 51.4 kWh battery is supposed to convey a driving scope of roughly 473 km on a full charge. The vehicle will be equipped for advancing from 0 to 100 km/h in 7.9 seconds. Moreover, Hyundai has furnished the Creta Electric with vehicle-to-stack (V2L) innovation, permitting clients to charge their electronic gadgets in a hurry.Volkswagen Teases Affordable EV Ahead of 2027 Launch

Mahindra’s BE6, another impending electric SUV, comes furnished with an electric engine delivering 282 bhp and around 380 Nm of force. The vehicle will highlight a back tire drive design and proposition two battery pack choices: 59 kWh and 79 kWh. These battery variations will give an expected driving scope of roughly 500 km on a full charge. Contrasted with the Hyundai Creta Electric, the BE6 offers a more broadened range and higher power yield.

One more Mahindra EV, the XUV.e9, is supposed to convey a driving scope of around 500 km for each charge. The vehicle is intended for superior execution, with a speed increase season of simply 6.7 seconds from 0 to 100 km/h. To improve the client experience, Mahindra plans to furnish the XUV.e9 with a triple-screen design including 12.3-inch high-goal shows. The vehicle will likewise incorporate Level 2 High level Driver Help Frameworks (ADAS), consolidating highlights like impact cautioning and crash aversion frameworks. The BE6 will have a similar 500 km range, situating Mahindra’s EVs as solid competitors in the fragment.Volkswagen Teases Affordable EV Ahead of 2027 Launch

Tata Engines is additionally entering the opposition with the Goodbye Curvv EV. This electric SUV will be accessible with two battery pack choices: a 45 kWh pack and a 55 kWh pack. The bigger 55 kWh battery variation is supposed to convey a scope of roughly 502 km, with a speed increase season of 8.6 seconds from 0 to 100 km/h. The vehicle’s power yield is evaluated at 123 PS, with a pinnacle force of 215 Nm.

The 45 kWh variation of the Tata Curvv EV will offer a scope of around 430 km and a somewhat more slow speed increase of 9 seconds from 0 to 100 km/h. It will convey a power result of 110/150 PS with a pinnacle force of 215 Nm. The two variations will incorporate various driving modes — Eco, City, and Game — to take care of various driving inclinations. Moreover, Goodbye is upgrading the Curvv EV with vehicle-to-stack (V2L) and vehicle-to-vehicle (V2V) charging capacities to further develop usefulness.
Volkswagen Teases Affordable EV Ahead of 2027 Launch

The opposition in the electric SUV section is warming up with various producers presenting their contributions. Hyundai, Mahindra, and Goodbye are each carrying special qualities to the market. The Creta Electric offers a reasonable section into the fragment, while Mahindra’s BE6 and XUV.e9 guarantee higher power and reach. Goodbye’s Curvv EV, with its double battery choices and progressed charging capacities, likewise presents major areas of strength for a for purchasers. As the Indian EV market keeps on advancing, shoppers will have more options custom-made to their particular necessities and inclinations.

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Volkswagen Previews New Entry-Level EV Set for 2027 Launch

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Volkswagen Teases Affordable EV Ahead of 2027 Launch

Volkswagen has authoritatively prodded its impending section level electric vehicle (EV) interestingly, making way for a worldwide presentation in 2027. This new model is supposed to act as the all-electric replacement to the now-stopped Up hatchback. While Volkswagen has not formally affirmed the name, it is guessed that the vehicle could be called ID.One or ID.1 upon send off. It will be one of nine new models that the German automaker intends to present by 2027 as a feature of its extending EV setup.

The secret picture gives a brief look into the plan language of the forthcoming EV. It exhibits rectangular headlamps highlighting 3D Drove illustrations, flawlessly coordinated into a dark grille that likewise houses an enlightened Volkswagen logo. The front guard is planned with thin, in an upward direction situated daytime running lights (DRLs), and the bumpers have unobtrusive chiseling to give the vehicle a solid position. Moreover, the vehicle will have a marginally raised and tough hybrid like plan, improved by body cladding.

The passage level Volkswagen EV will be founded on an abbreviated form of the brand’s MEB stage, which likewise supports the ID.2all hatchback. Dissimilar to bigger models in the ID family, this vehicle is supposed to highlight a solitary engine situated at the front and a conservative battery pack. These components are pointed toward minimizing expenses while keeping up with effectiveness and execution. Besides, Volkswagen’s sister brands, Skoda and Seat, are supposed to send off their own entrance level EVs in view of comparative underpinnings, fundamentally focusing on the European market.

Volkswagen’s President, Thomas Schäfer, stressed the meaning of this new model, expressing that it addresses a vital stage in making electric portability open to a more extensive crowd. He depicted the vehicle as “a reasonable, top caliber, and beneficial electric Volkswagen from Europe for Europe,” featuring its essential significance inside the organization’s EV guide.

The creation area for this impending EV has not yet been concluded. In any case, Volkswagen has affirmed that its ID.2all and the hybrid variation ID.2X will be produced in Spain, close by Skoda’s Epiq and Cupra’s Raval SUVs. These vehicles are essential for Volkswagen Gathering’s coordinated work to confine creation and smooth out assembling costs.Volkswagen Teases Affordable EV Ahead of 2027 Launch

Volkswagen’s specialized improvement head, Kai Grünitz, proposed that the new section level EV will be situated as a coherent replacement to the Up hatchback, with some common plan prompts and properties. Given the ubiquity of the Up as a reduced, city-accommodating vehicle, the impending EV is supposed to proceed with that inheritance while integrating current EV headways.

Despite the fact that Volkswagen has not declared any designs to bring this passage level EV to India, the organization is effectively chipping away at EV models customized for the Indian market. Volkswagen is fostering the Devil (India Principal Stage), a confined variant of the CMP (China Primary Stage) serious areas of strength for with components. This stage will uphold the send off of a smaller electric SUV and a moderate size SUV, explicitly intended to take care of Indian purchasers’ inclinations and economic situations.

As the car business keeps on moving towards charge, Volkswagen’s essential move to present a spending plan cordial EV will assume a key part in making supportable versatility all the more generally open. The progress of this passage level model will probably impact Volkswagen’s likely arrangements and venture into arising EV markets.

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Sourabh Gupta

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