Tata Motors targets five-fold rise in electric vehicle sales by FY24

Will look to sell 100K units by next year: Chandrasekaran

Tata Motors is eyeing a 5x growth in sales of electric vehicles (EVs) from the current levels by the end of 2023-24, the automaker’s chairman N Chandrasekaran told the shareholders at the 77th Annual General Meeting (AGM).

 “We are determined to increase our EV sales at a very significant rate. Our target is to cross 50,000 cars this year and 100,000 cars next year. We are on an aggressive growth path,” said Chandrasekaran, answering a shareholder’s question on the company’s EV targets. 

EVs currently account for 7.5 per cent of the company's passenger vehicle sales. The company envisages this to