India’s Tata Motors wants to sell 50,000 EVs by end of fiscal year

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Mumbai-based automaker Tata Motors wants to sell 50,000 electric vehicles by the end of the fiscal year ending March 31, the company’s chairperson Natarajan Chandrasekaran said during a shareholders’ meeting on Monday.

The Nexon starts at around $19,000, which isn’t exactly cheap for the average Indian driver, but is certainly within the range of the country’s upper-middle class.

After attempting to bring its EVs to the Indian market, Tesla appears to have abandoned efforts to set up a factory in the country.

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Author / Journalist: Rebecca Bellan

Category: Technology

Topics: EVs Automotive Asia Tata Group Transportation Transportation TC India Climate Electric vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-05, 00:54:08

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 3 minutes read

Article Length: 419 words

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News ID: 30007

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