Auto Manufacturers’ commitments to shift to EVs
With increased push from governments all across the world for EV adoption, automobile manufacturers are welcoming the change by making ambitious commitments on shift to green mobility.
This article takes a look at various companies- homegrown and overseas and their plan for green mobility adoption.
EV Manufacturers/players in India
Tata motors with existing EV models- Nexon EV and Tigor EV, plans to launch 10 more new EVs by 2025. Over and above this, Tata Motors subsidiary Jaguar plans to completely shift to Electric Vehicles by 2025. Tata motors also looks to raise USD 1 Billion for its EV unit to facilitate this plan.
Following Tata Motors is Mahindra Electric with plans for 6 EVs by 2025. Mahindra & Mahindra is also expanding its global EV footprint in 2 wheelers through collaborations. Through its acquired design house Automobili Pininfarina, M&M is also looking to create EV supercars.
Maruti Suzuki is missing in action with a plan for only one EV by 2025.
Morris Garage with its MG ZS EV in India plans to launch another EV within 2 years in the sub 20 lacs category. Hyundai with its flagship EV model Kona already in the Indian market has made an ambitious target of 1 Million EV sales per year worldwide by the year 2025. Hyundai is also planning to expand its portfolio of EVs to 23 by 2025.