Tata Motors unveiled its most ambitious electrification roadmap yet at its annual investor day in Mumbai, committing to a 40% electric vehicle share across all passenger vehicle sales by financial year 2028-29.
The centrepiece of the strategy is a ₹18,000 crore battery gigafactory in Sanand, Gujarat, being developed jointly with Tata Chemicals. The facility will have an initial capacity of 20 GWh, expandable to 50 GWh, and is expected to significantly reduce battery costs for the group’s vehicle brands.
New Models Announced
The company teased four new electric models: a compact SUV priced under ₹10 lakh targeting first-time EV buyers, a premium sedan, a commercial delivery van, and an electric version of the iconic Sumo nameplate for rural markets.