18 August, 2020
Reaffirms leadership position in the electric car segment with 62% market share in Q1 FY21
Mumbai, August 18, 2020: Tata Motors today announced a significant milestone in the electric vehicle (EV) domain by rolling out the 1000th Nexon EV from its plant in Pune. This landmark has been achieved in just over 6-months after the commercial launch of the vehicle portraying the rapid growth in both interest and demand for EVs. Acknowledged as the most preferred electric car in India, the Tata Nexon EV is the best seller in its segment, helping Tata Motors post a market share of 62% in EVs in Q1FY21.
Speaking on this momentous occasion, Shailesh Chandra, President – Passenger Vehicle Business, Tata Motors Ltd. said, “Acceptance of EVs is accelerating fast, and we are seeing growing interest in it from all parts of the country. The rollout of the 1000th Nexon EV in a short time span, despite the challenges of Covid-19, reflects the rising interest of personal segment buyers in EVs. Tata Motors will continue to innovate and develop comprehensive sustainable mobility solutions meeting global standards. EVs are the future and as the industry leader, we are committed to make them desirable and a mainstream choice for the customers.”
Tata Motors has consistently catered to the evolving needs of customers for electric cars with the introduction of best-selling in both the fleet (Tigor EV Electric Sedan, with a range of 140 km & 213 km) and personal segments (Nexon EV Electric SUV, with an anxiety-free range of 312 km on a single charge). Designed to offer thrilling, connected drive experience with zero emissions and at an attractive pricing, the Nexon EV has created a unique benchmark in its category. To popularise the access and use of Nexon EV in India, the company recently launched a novel EV Subscription model, ideal for customers preferring ‘usership’ over ownership in the rapidly growing era of shared economy.
Further, to accelerate the adoption of EVs in India, Tata Motors also introduced a holistic e-mobility ecosystem “Tata uniEVerse” to closely leverage the strengths and experience of other Tata Group companies to create a viable EV environment. Powered by Tata uniEVerse, consumers will have access to a suite of e-mobility offerings including charging solutions, innovative retail experiences and easy financing options.
About Tata Motors
Tata Motors Limited (NYSE: TTM; BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 44 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses. Part of the USD 110 billion Tata group, Tata Motors is India’s largest and the only OEM offering extensive range of integrated, smart and e-mobility solutions. It has operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 134 subsidiaries, associate companies and joint ventures, including Jaguar Land Rover in the UK and Tata Daewoo in South Korea.
With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, Tata Motors is India’s market leader in commercial vehicles and amongst the top four in the passenger vehicles market. With ‘Connecting Aspirations’ at the core of its brand promise, the company’s innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers. Tata Motors strives to bring new products that fire the imagination of GenNext customers, fueled by state of the art design and R&D centres located in India, UK, US, Italy and South Korea. Internationally, Tata commercial and passenger vehicles are marketed in countries, spread across Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS, and Russia.