Tata Motors expects CNG, EV sales to grow by 20% in next 3-5 years
POWER & RENEWABLE ENERGY

Tata Motors expects CNG, EV sales to grow by 20% in next 3-5 years

Tata Motors is expecting CNG cars contribution to increase up to 20% gradually in its total sales in the next three to five years as it expects higher entry-level petrol and diesel customers to choose for these models.

The auto major based in Mumbai is bullish on the electric vehicle (EV) segment having sales expectations of around 20% of their overall dispatches in the upcoming few years.

Tata Motors President Passenger Vehicle and Electric Vehicles Shailesh Chandra mentioned that he thinks the CNG segment is going to grow in the coming years. This will be a result of petrol, due to the ever-increasing cost of petrol as well as diesel.

The company, therefore, foresees a solid future growth for the same, given there’s a deeper penetration as well as expansion of the CNG outlets taking place across India.

Currently, the car sales (diesel) across the portfolio are at approximately 15%, and the petrol and CNG car sales are at approximately 66% and 12%, respectively.

In the upcoming three to five years, the petrol portfolio is expected to decrease by around 50%, diesel is expected to decrease by around 10%, and CNG is expected to increase by 20%. For Electric Vehicles (EV) the target set is an increase of 20%.

Tata is currently focusing on the segments of hatchbacks and compact sedans for the expansion of their CNG model range.

Image Source

Also read: Tata Motors expects growth momentum to continue in 2022

Tata Motors is expecting CNG cars contribution to increase up to 20% gradually in its total sales in the next three to five years as it expects higher entry-level petrol and diesel customers to choose for these models. The auto major based in Mumbai is bullish on the electric vehicle (EV) segment having sales expectations of around 20% of their overall dispatches in the upcoming few years. Tata Motors President Passenger Vehicle and Electric Vehicles Shailesh Chandra mentioned that he thinks the CNG segment is going to grow in the coming years. This will be a result of petrol, due to the ever-increasing cost of petrol as well as diesel. The company, therefore, foresees a solid future growth for the same, given there’s a deeper penetration as well as expansion of the CNG outlets taking place across India. Currently, the car sales (diesel) across the portfolio are at approximately 15%, and the petrol and CNG car sales are at approximately 66% and 12%, respectively. In the upcoming three to five years, the petrol portfolio is expected to decrease by around 50%, diesel is expected to decrease by around 10%, and CNG is expected to increase by 20%. For Electric Vehicles (EV) the target set is an increase of 20%. Tata is currently focusing on the segments of hatchbacks and compact sedans for the expansion of their CNG model range. Image Source Also read: Tata Motors expects growth momentum to continue in 2022

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?