Tata Motors to Launch Five New EV by FY30, Targets Up to 50% Market Share

Tata Motors Passenger Vehicles India has laid out an aggressive electric vehicle (EV) expansion strategy, announcing plans to introduce five new EV nameplates by FY30, including the much-anticipated premium Avinya range, as it targets a steady 45–50 per cent share of India’s rapidly growing EV passenger vehicle market.

The company said it will invest INR 16,000–18,000 crore in its EV business between FY25 and FY30, covering new products, localisation initiatives and a major expansion of charging infrastructure to more than 10 lakh charging points nationwide.

Tata Motors currently offers the India's widest EV portfolio, including the Tiago ev, Punch ev, Nexon ev, Curvv ev and Harrier ev, along with the XPRES-T EV for fleet customers.

The automaker plans to introduce the Sierra ev and an updated Punch ev next year, followed by the launch of the premium Avinya EV range by the end of 2026. By FY30, the company will roll out five new EV nameplates along with multiple updates to existing models.

Tata Motors will also strengthen its EV ecosystem strategy by investing heavily in charging infrastructure and other enablers to bring EVs into the consideration set of mainstream buyers. A dedicated retail channel will be set up for the Avinya brand, which will debut with a sport utility vehicle.

The Indian automaker has crossed cumulative sales of 2.5 lakh EVs to date.