Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Tata Motors Plans Exclusive Sales Network for Electric Vehicles

15 Sep 2023 , 12:06 PM

Tata Motors is preparing to establish a dedicated sales network for its electric passenger vehicles in the current fiscal year to enhance the customer experience for eco-friendly vehicle buyers. The company, headquartered in Mumbai, has unveiled updated versions of its Nexon EV and Nexon (internal combustion engine). It plans to conduct trial runs of new outlets in cities with high electric vehicle demand.

Tata Motors Passenger Vehicles Managing Director Shailesh Chandra emphasized the need to separate sales outlets for electric vehicles (EVs) and internal combustion engine (ICE) vehicles due to different customer requirements and an expanding EV portfolio. Tata Motors is committed to investing approximately $2 billion in battery-powered vehicles by 2027 and aims to strengthen its domestic EV supply chain by constructing a battery manufacturing facility in Gujarat.

With the upcoming introduction of Bharat Stage 7 emissions regulations, the company expects a further decline in diesel car sales, prompting the creation of a distinct brand philosophy and personality for EVs. The plan includes the establishment of exclusive EV dealerships in the coming quarters to cater to the unique needs and preferences of EV customers.

For feedback and suggestions, write to us at editorial@iifl.com
 

Tata Motors to complete acquisition of Ford India

Related Tags

  • business
  • Company news
  • electric vehicles
  • EV
  • news
  • Tata Motor
  • Top News
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.