Tata Motors Plans to Introduce 5 New EVs by FY30

As per PTI report, Tata Motors Passenger Vehicles (TMPV) said it will invest between ₹16,000 crore and ₹18,000 crore in its electric vehicle (EV) business between FY25 and FY30. The planned expenditure will cover development of new EV models, EV-only platforms and expansion of charging infrastructure.  

The company said charging points across the country are expected to cross 1 million over time through tie-ups with group companies and other partners. 

The announcement comes as EV volumes continue to rise gradually in India, though adoption remains uneven across regions. 

New Models and Timelines 

As part of its product roadmap, Tata Motors plans to introduce the Sierra.ev and an updated version of the Punch.ev in 2026. The 1st vehicles under the Avinya premium EV brand are also scheduled for launch by the end of 2026, starting with a sport utility vehicle. The company said Avinya models will be sold through a dedicated retail channel. 

By FY30, Tata Motors expects to introduce 5 new EV nameplates across mass and premium segments, along with updates to existing electric models. 

Existing EV Range 

Tata Motors currently has a wide electric passenger vehicle portfolio in India. Its EV offerings for personal buyers include the Tiago.ev, Punch.ev, Nexon.ev, Curvv.ev and Harrier.ev. The XPRES-T EV is targeted at fleet operators. 

Electric vehicles account for around 17% of the company’s total passenger vehicle sales. Cumulative EV sales have crossed 250,000 units, according to the company. 

Market Share and Competition 

TMPV currently accounts for about 66% of electric passenger vehicle sales in India. With more domestic and global manufacturers entering the segment, the company said it expects to maintain a steady EV market share of 45-50% over the coming years. 

The company also said that margins in the entry-level EV segment remain under pressure due to pricing constraints. 

Tata Motors Passenger Vehicles Share Price Performance  

As of December 24, 2025, 10:31 am, Tata Motors Passenger Vehicles share price was trading at ₹359.80, a 0.95% down from the previous closing price. 

Read More: Belrise Share Price Gains 3% Amid Promoter Stake Sale! 

Conclusion 

With fresh investments, additional electric models and a larger charging network, Tata Motors is preparing for a gradual increase in EV adoption. The company expects electric vehicles to make up 15-20% of overall passenger vehicle industry volumes by 2030, in line with broader industry trends. 

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