Tata Motors bets on locally manufactured EV batteries as competition rises

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New entrants Mahindra, Maruti and Hyundai do not have a similar integrated supply chain and will source batteries and other parts from suppliers in the market.

Tata Motors is also well funded to withstand a competitive market, Balaji said.

We will be a dominant player in this market," Balaji said on the sidelines of India's car show last week where EVs from domestic players as well as China's BYD and Vietnam's Vinfast took centre stage.

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Article Details

Category: BusinessFinance

Markets: IndiaChinaVietnam

Topics: EV competition Tata Motors Electric vehicles Local battery

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 23:04:41 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 589 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25345047

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