21st July 2022
EP Report

Tata Motors aims to sell about 50,000 electric vehicles (EVs) in the fiscal year to March 31, and double that in the 2023/24 period, Chairman N Chandrasekaran told a shareholders' meeting recently.

 

In 2021/22, Tata Motors sold 19,105 EVs, a growth of 353 per cent from the previous fiscal year.

 

Chandrasekaran also said that the company's performance is expected to improve in this fiscal year as the overall supply situation, including that of semiconductors, is gradually improving and commodity prices are stabilizing.

 

"We continue to work closely with our customers and ecosystem partners to mitigate risks and manage uncertainties. Accordingly, we expect performance to progressively improve through the year with the second half of FY23 being notably better than the first half," he said.


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