Tata Motors said on Friday that by the end of this decade, the annual sales figure of electric vehicles (EV) in India could cross one million units. The company expects the share of electric vehicles in its total sales to reach 50 percent during this period.
1 lakh EVs sold
The country’s leading vehicle company currently derives 14-15 per cent of its total sales from electric vehicles on a quarterly basis. The company has crossed the total sales figure of one lakh electric vehicles.
50 times increase
Talking to reporters here, Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said, five years ago, electric vehicles sold only 90 units per month. Today it has reached 8,500 to 9,500 units per month, which is almost 100 times… Five years ago the industry sold about 2,000 cars and we are already talking about an annual rate of over a million units this year. are doing, which is a 50-fold increase.
It will increase at least 10 times in five years
Why shouldn’t it be at least 10 times closer to 1 million units in the next five years, I would say… It will be an exciting time for Indian consumers and the country as this approach is taken into account, Chandra said. can be realised, which was set by the Govt.