MUMBAI: Betting big on greener vehicles for the future, Tata MotorsNSE 4.11 % in a presentation to investors on Tuesday informed that it is working on close to a dozen electric and hybrid vehicle solutions in the commercial vehicle space and is simultaneously moving towards adedicated electric vehicle platform in the passenger vehicle front.
The company is planning to develop a 320 volts battery with a range of 300 plus kilometres which will deliver faster acceleration, efficiency, including fast charging.
On Monday, Tata Motors had announced that it is setting up an electric mobility business vertical which will be headed by Shailesh Chandra, who also leads the corporate strategy division at the company.
Having edged ahead of Mahindra to bag the L1 tender for EESL’s 10,000 electric vehicle contract, the company was able to deliver on the contract in the short span of four months, claimed Tata Motors. The company has also bagged 60% of electric bus order from the Ministry of Heavy Industries for plying in major cities.
Chandra in his presentation to investors said the company aims at leading in EVs by offering optimised and accessible solution to the consumers.
The company will immediately adopt a conversion route of existing vehicles —Tigor and Tiago — to EVs to address the immediate demand with an eye on optimising range and performance to maintain economic balance before eventually moving to 300-400-km package protected future platform to meet the long-term requirement.
On the commercial vehicle front, Tata Motors will offer EV or hybrid solutions on Iris, Magic, Ace, Super Ace on the small commercial vehicle front and come out with fuel cell electric bus, pure battery-operated electric bus, a diesel hybrid bus, CNG hybrid, diesel-parallel hybrid bus.
Apart from the dedicated electric vehicle architecture, the company has designed the new ALFA and OMEGA architecture for passenger vehicle to accommodate an electric powertrain.
The company told the investors that they expect the commercial vehicle market to grow by lower double digit growth in the next two years and expect the passenger vehicle market to grow by 8% CAGR till 2023 to cross 5 million.