Tata Motors expects govt to be consistent with support for local production of electric vehicles

Tata Motors NSE 0.56 % on Monday said it expects the government to consistently follow the policy of promoting local manufacturing of electric vehicles (EVs) under the FAME scheme amid demand from Tesla to lower import duty to sell its vehicles in India. The auto major, which plans to have 10 new battery electric vehicles (BEVs) in its domestic product portfolio by 2025, expects the government policy to remain consistent with the policy it has already rolled out for the segment.

“From Tata Motors’ perspective, the Indian government through the FAME II incentives, eligibility criteria have been very clearly set for the direction in which the country should take to accelerate the adoption of EVs. This has always emphasised affordable EVs and also localisation as per the phased manufacturing plans,” Tata Motors CFO P Balaji told reporters in a virtual press meet.