With the debut of a new concept Avinya, a resurgent Tata Motors declared ambitious intentions to extend its line-up of electrics in its portfolio, with an eye on aggressive development throughout India and worldwide markets. Tata Sons chairman N Chandrasekaran stated that the corporation will begin investing in the nation to manufacture batteries and semiconductors.
He stated that the company, which has seen a significant increase in demand and market share in recent years, expects electrics to remain the backbone of its business in the future. "By 2030, we expect electrics to account for more than 30% of our portfolio sales," he added.
Unveiling Avinya (based on a Sanskrit word that means innovation), which will be launched in 2025 and boast a mileage of more than 500km on a single charge, Chandrasekaran stated that this is the first pure electric platform that will give birth to different body styles and variants in the future, all of which will be green. "We're creating the automobile with a worldwide standard in mind." "I see tremendous potential for us to become worldwide," he remarked.
"We are looking at that sector," he said of plans for investment-heavy semiconductor production following the government's wish list. We're also looking at semiconductor manufacturing. We've expanded into precision production, associated assembly, and other sectors of the semiconductor industry."
"We have finalized plans," he stated of battery manufacture. We plan to begin our battery manufacturing venture very shortly. We're working on it."
TCS, Tata Power, Tata Chemicals, and Tata Elxsi would be among the in-house organizations involved in the EV initiative, according to Chandrasekaran, in addition to front-facing Tata Motors. "We want to make vehicles that people love and want to drive, and that they want to have an experience with during the buying, driving, charging, and service process."
Tata Motors MD Shailesh Chandra stated to Avinya that it is packed with cutting-edge technology, software, and artificial intelligence. Tata Motors presently sells an electric version of the Nexon and Tigor models, both of which are also available in petrol/diesel configurations. Tata Motors' domestic sales volumes increased by 67 percent in FY22, finishing the year with 3.7 lakh units, up from 2.2 lakh units in FY21.