GREATER NOIDA, India (Reuters) -Tata group is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), the chief financial officer of its auto unit told Reuters in an interview.
With total sales of 50,000 electric cars to date, India’s Tata Motors dominates the country’s EV market and has outlined plans to launch 10 electric models by March 2026. The company expects electric models to make up a quarter of its total sales by 2025 from around 8% now.
Localising cell manufacturing for EV batteries is key to increasing local components in electric cars and will help the automaker develop a local supply chain too, Tata Motors’ P.B. Balaji said on the sidelines of India’s Auto Expo car show in Greater Noida, in Utter Pradesh.
