Top executives from several companies including Tata Motors, MG Motor, Mercedes-Benz and Kia have said the broader car market may see a respite and growth in the new year but the electric industry’s growth could be fueled by new launches and rising adoption. Although the work base is growing rapidly, the move to electric is still being seen as an encouraging sign by the industry as concerns about charging infrastructure and lack of adequate choice in models have just become a point of concern. happened
NEW DELHI: The broader car market may be headed for a respite in the new year but the growth of the electric industry will be boosted by new launches and growing adoption, top executives from companies like Tata Motors, MG Motor, Mercedes-Benz and Kia have said. Growing rapidly from a low base Yet the rise of electric is being seen as an encouraging sign by the industry as concerns remain about charging infrastructure and a lack of adequate choice in models that is a matter of concern
| Top Executives Upbeat: Market Growth For Electric Vehicles Despite Broader Auto Industry Pause |
| Tata Motors Ramps Up Electric Vehicle Portfolio, Aims For 3 New Green SUVs In 2024 |
| MG Motor Foresees 100% Growth In EVs, Focuses On Developing Charging Infrastructure |
| Kia’s Vision: Driving India’s EV Market Growth And Innovation By 2030 |
Tata Motors Ramps Up Electric Vehicle Portfolio, Aims For 3 New Green SUVs In 2024
About 48,000 electric cars were sold in India in 2022, which has almost increased to more than 90,000 units this year as demand is growing strongly and adoption continues to accelerate. MD of Passenger Vehicle and Electric Mobility Division, Tata Motors Shailesh Chandra told TOI that the company will not slow down the pace of introducing new models in EV
And the company also said that which currently has electric versions of Nexon Tigor and Tiago will drive 3 new green SUVs in 2024 Punch Mini SUV Harrier Premium Off Roader and Curve Coupe
Chandra said that we are growing rapidly in electric and in 2022 we had retailed about 42,000 units. This year the sales are expected to be 65,000-70,000 units which will register a growth between 60% to 70% on a single charge. There are plans to introduce vehicles with a range of more than 600 km.
https://x.com/TataMotors_Cars?t=pWlXeqF5uqbkQ31oq5TWkg&s=09
MG Motor Foresees 100% Growth In EVs, Focuses On Developing Charging Infrastructure
MG Motor India Deputy MD Gaurav Gupta also said that 100% growth in EVs is likely to be on its way in the new year. As you have new cars coming in the market, charging ecosystem is also being developed. and consumers are realizing the running cost benefits of driving green
Mercedes-Benz is assembling some of its electric models in India, which also includes a variant of EQS. Company’s MD Santosh Iyer says that more models will come, just stay tuned.
Kia India Set To Begin Local Production Of Electric Vehicles From 2025, Unveils Long- Term Plans
Iyer says our EV offensive will continue in 2024 with multiple ground up EV launches planned across cars across our global portfolio
Tae Jin Park, MD and CEO of Kia (which imports EV6 electric) in India, said that the company is now moving towards local production of green vegetables. Park said that we will start production of electric vehicles in India from 2025 and our Will have two locally manufactured models We will follow them with more models in the coming years
Kia’s Vision: Driving India’s EV Market Growth And Innovation By 2030
Kia Motor Corporation, the manufacturer of standard vehicles, has announced the manufacturing of its new electric passenger vehicles and intends to encourage this technological transformation here in India. It also said that its industry is planning a new initiative to promote the synthesis of electric vehicles. Along with this, the company is also planning to export these electric vehicles from India to expand its manufacturing capacity. Apart from this, Kia has expressed hope of expanding the market of electric passenger vehicles by 2030 which will reach a total of Industry scale joins including petrol diesel and hybrid versions
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the move to electric is still being seen as an encouraging sign by the industry as concerns about charging infrastructure
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