Tata Motors is planning to expand the brand’s electric vehicle line-up in the Indian market. The brand has revealed that it will be launching a new EV product on the 6th of April 2022. While the company did not indulge in any details, the teaser video only reveals that the upcoming car would be Stunning, Dynamic and Electrifying. The brand will be launching the vehicle under the Tata Passenger Electric Mobility Limited (TPEML), Tata’s latest vertical for its electric vehicles.
What Could be the New Tata EV?
Under TPEML, Tata introduced the Nexon EV and the Tigor EV. The brand is likely to expand its EV portfolio by developing the Altroz EV and the Punch EV. The brand in the past revealed that it would be creating a portfolio of 10 electric vehicles in the next five years. Rumours are that the ALFA-ARC platform which made its debut on the Tata Altroz and now also underpins the Tata Punch is EV ready.
The (Agile Light Flexible Advanced) is a modular platform, and Tata already unveiled the Altroz EV concept at the Geneva Motor Show in March 2019. The brand could use the ALFA platform and Ziptron powertrain that does duty on the Nexon EV and Tigor EV for its future EV. However, concluding what could the new Tata EV be is currently arduous.
TPEML Investments
Tata has revealed that the brand has entered into a binding agreement with TPG Rise Climate along with its co-investor ADQ. TPG Rise Climate and its co-investors will invest INR 7,500 crore (USD 1 Billion) in compulsory convertible instruments, revealed Tata Motors. Thanks to this, Tata will be able to build a robust ecosystem for electric vehicles in India. This will also help the brand achieve the Government’s vision of having a 30% electric vehicles penetration rate by 2030. The first round of capital infusion is supposed to be completed by March 2022.
Also Read: Tata Motors will launch 10 new EVs by 2025
