Tata Motors: Will invest up to $4 billion in 5 years
Business Business : India’s Tata Motors plans to invest up to Rs 350 billion ($4.1 billion) over the next five years, aiming to consolidate its position as the country’s top electric vehicle maker amid rising competition and pressure to adopt cleaner cars.
The maker of the Nexon and Punch sport utility vehicles will nearly double its portfolio from eight models to 15, launch more EVs and compressed natural gas cars as well as enhance technology features of vehicles, according to its investor day presentation released on Monday. India, the world’s third-largest car market, plans stricter emissions norms from 2027 and wants EVs to account for 30% of all car sales by 2030.
Tata Motors did not share its investment plan for the current year to March 2026, China’s MG Motor has also challenged Tata’s EV dominance since late last year with its “Windsor” model, which is leading the pack in sales of its products. Nevertheless, Tata Motors maintains its target of 16% market share by March 2027, with an aim to reach 18%-20% by March 2030.
