Tata Motors Aims to Sell 50,000 EVs in 2023 Fiscal Year

Backed by a billion-dollar funding from TPG Capital and a new range of models, Tata Motors is taking an early lead in the electric vehicles race with a plan to produce 50,000 EVs in the next fiscal year starting April 2023, the Economic Times reported.

The company has sounded out vendors on an assured production plan of 50,000 EVs in fiscal 2023 and scale it up to 125,000-150,000 units annually in the following two years, the report said citing people aware of the matter.

Read the full report: Economic Times.

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.