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Hindustan Times
5 days ago
- Automotive
- Hindustan Times
Tata Punch crosses 6 lakh production mark, becomes fastest SUV to do so in India
The Tata Punch is claimed to the fastest SUV to cross the six lakh production mark (Tata) Check Offers The Tata Punch has surpassed the six lakh production milestone in less than four years. The company claims it to be the fastest SUV to cross this milestone. The Tata Punch was launched in 2021 with petrol and CNG powertrain options. Meanwhile, in 2024 the Punch EV was launched. The first one lakh units of the Punch were produced by August 2022, while the next one lakh were produced by May 2023 and the Punch surpassed the three lakh production mark by December 2023. July 2024 marked the surpassing of four lakh production mark for the Punch while by January 2025, the SUV surpassed the five lakh production mark. To commemorate this extraordinary journey, Tata Motors has launched a new nationwide campaign titled 'India Ki SUV". The campaign celebrates the lakhs of Indians who have made the Tata Punch a part of their lives and showcases stories of empowerment, exploration, and everyday adventure. It reflects how the Tata Punch has grown beyond being just a car—it has become a symbol of ambition and confidence for a new India. Also Read : Tata Punch, Nexon, Curvv and Tiago EVs get benefits up to ₹ 1 lakh till 30 June Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility Ltd., stated that the Punch has become the natural first choice for so many first-time car buyers."With the launch of the 'India Ki SUV' campaign, we celebrate this extraordinary journey and the customers who made it possible," he added. Tata Punch The company claims that the Tata Punch has emerged as the top choice for first-time car buyers in India, offering an ideal combination of convenience, safety, and SUV-like stance. Nearly 70 per cent of Punch ICE owners are purchasing a car for the first time. Its popularity is not limited to one demographic either—it has also gained significant traction among women drivers, who are drawn to its compact footprint, high ground clearance, and commanding road presence. This blend of practicality and empowerment is reflected in the fact that 25 per cent of Punch EV owners are women. Also watch: Tata Punch vs Hyundai Exter: 5 features that set them apart from each other The Punch is also claimed to fit different needs, lifestyles, and terrains. Moreover, it is also equally balanced between all 3 regions of the country—24 per cent owned by people in Tier 1 cities, 42 per cent owned by people in Tier 2 cities and 34 per cent owned by people in Tier 3 towns. It made history in 2024 by being the highest-selling car in 2024 in India, reflecting its universal appeal. Check out Upcoming Cars in India 2025, Best SUVs in India. First Published Date: 17 Jul 2025, 13:39 pm IST
Time of India
04-07-2025
- Automotive
- Time of India
Tata Motors eyes ₹6,500 cr boost from PLI scheme as EV line‑up expands
Tata Motors plans to secure about ₹6,500 crore in incentives from the Government's production‑linked incentive (PLI) scheme for electric vehicles over the next three years, company executives have told The Financial Express . The country's largest maker of electric passenger and commercial vehicles expects roughly ₹4,000 crore to come from its passenger‑vehicle (PV) range and a further ₹2,500 crore from its commercial‑vehicle (CV) portfolio. Tata Motors has already received ₹385 crore in PLI benefits for FY25 – ₹250 crore for PVs and ₹135 crore for CVs – up from ₹142 crore a year earlier. A company spokesperson said the firm intends to 'avail the full benefits' available until FY28. Tata Motors PLI-certified PV models At present, three PLI‑certified PV models – the Tiago EV, Tigor EV and Punch EV – are earning incentives of roughly ₹40 crore a month. With the recent certification of a forty‑five‑kilowatt‑hour Nexon EV variant and forthcoming approvals for the Harrier EV, Curvv EV and Sierra EV, Tata Motors expects monthly inflows to climb, taking total PV incentives to around ₹700 crore by the end of FY26 and up to ₹2,000 crore annually thereafter. Tata Motors PLI-certified CV models In the CV division, led by executive director Girish Wagh, three electrified Ace mini‑truck variants and two each of the Starbus and Ultra electric buses already qualify for PLI support. The incentives lifted CV earnings before interest, tax, depreciation and amortisation margins by twenty basis points in FY25, while PV margins improved by seventy basis points. Despite its early lead, Tata Motors' share of India's passenger‑EV market fell to 35 per cent in May 2025 from 81 per cent in FY23. Shailesh Chandra, managing director of Tata Passenger Electric Mobility, told investors the firm aims to regain 'about 50 per cent share in the mid to long term' through its expanded electric portfolio and PLI‑driven cost advantages.
Time of India
21-06-2025
- Automotive
- Time of India
TaMo Accelerating EV Strategy: Chairman
Tata Motors chairman N Chandrasekaran has told shareholders that the company is accelerating its electric vehicle (EV) strategy, even as it closely monitors supply chain and geopolitical risks that could affect growth. Speaking at the company's 80th Annual General Meeting (AGM), Chandrasekaran said, 'We expect to reach 30% EV penetration well before 2030. We already have a strong portfolio—with Nexon EV, Punch EV, Tiago and Tigor—and we have several more models in the pipeline.' EVs accounted for 15% of Tata Motors' passenger vehicle volumes in FY25. While Tata Motors still leads India's EV market with over 50% share, this is down from more than 85% two years ago, as rivals such as Mahindra, Hyundai and MG step up their offerings. 'Yes, competition has increased, but we remain fully committed and have a strong runway,' Chandrasekaran said. The company plans to introduce a range of new models in the space to protect its turf in a segment where it has been a first mover. He also addressed concerns around sourcing rare earth magnets used in EVs amid global trade tensions. 'We are not facing any issues. We are able to source the magnets we need and have the right level of inventory. We're also working with the government on alternative resources. This is something we are watching very carefully.' On the proposed increase in US tariffs on UK-manufactured vehicles—which would impact JLR—Chandrasekaran said, 'If the tariffs had gone to 27.5%, the impact would have been £1.6 billion. With the UK-US trade deal, that's coming down to 10%, and JLR's mitigation steps will reduce the impact to around £600 million.' He confirmed Tata Motors' participation in the government's EV bus programs through its dedicated mobility business and said the company is also testing 12 hydrogen buses and trucks . However, he cautioned, 'The cost of production and operations for hydrogen is still very high. This won't scale in the near term.' Chandrasekaran reaffirmed that the demerger of the passenger vehicle and commercial vehicle businesses remains on track.
Time of India
21-06-2025
- Automotive
- Time of India
No supply issues for EV magnets, monitoring geopolitical risks closely: N. Chandrasekaran
Tata Motors chairman N. Chandrasekaran on Friday told shareholders at the company's 80th annual general meeting that the company is accelerating its electric vehicle (EV) strategy, even as it closely monitors supply chain and geopolitical risks that could affect growth. EVs accounted for 15 per cent of the company's passenger vehicle sales in the last financial year. Tata Motors now aims to reach 30 per cent electric vehicle penetration well before 2030. 'We already have a portfolio—with Nexon EV , Punch EV, Tiago and Tigor—and we have several more models in the pipeline,' Chandrasekaran said. Tata Motors continues to lead the Indian EV market with over 50 per cent share, although this has declined from 79 per cent two years ago as Mahindra & Mahindra, Hyundai Motor India and MG Motor India expand their offerings. 'Yes, competition has increased, but we remain fully committed and have a runway,' he said. Supply chain, tariff impact under watch Chandrasekaran said the company is monitoring supply chain and geopolitical risks, including the sourcing of rare earth magnets used in EVs. 'We are not facing any issues. We are able to source the magnets we need and have the right level of inventory,' he said. 'We're also working with the government on alternative resources. This is something we are watching very carefully.' He addressed concerns around increased US tariffs on UK-made vehicles, which would affect Jaguar Land Rover . 'If the tariffs had gone to 27.5 per cent, the impact would have been £1.6 billion. With the UK-US trade deal , that's coming down to 10 per cent, and JLR's mitigation steps will reduce the impact to around £600 million,' he said. Tata Motors will participate in the government's EV bus programmes through its mobility business and is testing 12 hydrogen buses and trucks. 'The cost of production and operations for hydrogen is still high. This won't scale in the near term,' he said. The company's plan to demerge its passenger and commercial vehicle businesses remains on schedule. Both units are expected to list separately in the December quarter. 'All three businesses have balance sheets and cash flows. There is no need for large-scale debt unless a strategic opportunity arises,' Chandrasekaran added.
Time of India
20-06-2025
- Automotive
- Time of India
Tata Motors to accelerate EV push; JLR tariff impact mitigated
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai: Tata Motors chairman N. Chandrasekaran on Friday told shareholders that the company is accelerating its electric vehicle (EV) strategy, even as it closely monitors supply chain and geopolitical risks that could affect at the company's 80th annual general meeting, Chandrasekaran said, 'We expect to reach 30% EV penetration well before 2030. We already have a strong portfolio—with Nexon EV , Punch EV, Tiago and Tigor—and we have several more models in the pipeline.' EVs accounted for 15% of Tata Motors' passenger vehicle sales in the last fiscal the auto maker continues to lead India's EV market with a more than 50% share, it has fallen more than more than 85% two years ago, as rivals such as Mahindra & Mahindra, Hyundai Motor India , and MG Motor India step up their offerings.'Yes, competition has increased, but we remain fully committed and have a strong runway,' Chandrasekaran said, without also addressed concerns around sourcing rare earth magnets used in EVs amid prevailing trade tensions globally. 'We are not facing any issues. We are able to source the magnets we need and have the right level of inventory,' he said. 'We're also working with the government on alternative resources. This is something we are watching very carefully.'On the proposed increase in US tariffs on UK-manufactured cars, which would impact unit Jaguar Land Rover , Chandrasekaran said, 'If the tariffs had gone to 27.5%, the impact would have been £1.6 billion. With the UK-US trade deal , that's coming down to 10%, and JLR's mitigation steps will reduce the impact to around £600 million.'He confirmed Tata Motors' participation in the government's EV bus programmes through its dedicated mobility business, and said the automaker is also testing 12 hydrogen buses and trucks. However, he cautioned, 'The cost of production and operations for hydrogen is still very high. This won't scale in the near term.'Chandrasekaran reaffirmed that the demerger of Tata Motors' passenger vehicle and commercial vehicle businesses remains on track, with both units expected to list separately in the December quarter. 'All three businesses have strong balance sheets and cash flows. There is no need for large-scale debt unless a strategic opportunity arises,' he said.
