Bullish on green mobility, Tata Motors unveils new brand identity for EV business
As the EV offering grows, spurred by surging consumer demand and a robust, thriving product lineup, customers expect a unique experience across all touchpoints, from the brand to the product and its ownership cycle, Tata Passenger Electric Mobility, a unit of Tata Motors, said in a statement.
Tata Passenger Electric Mobility on Tuesday unveiled a new brand identity as it gears up to introduce ten new battery electric vehicles by 2026.
As the EV offering grows, spurred by surging consumer demand and a robust, thriving product lineup, customers expect a unique experience across all touchpoints, from the brand to the product and its ownership cycle, Tata Passenger Electric Mobility, a unit of Tata Motors, said in a statement.
TATA.Ev, the new brand identity for the company's electric business, is the first step towards providing differentiated and meaningful experiences for customers in the form of a collective initiative to move towards an electric future, it added.
Tata Passenger Electric Mobility Head Marketing, Sales and Service Strategy Vivek Srivatsa said the automaker is entering a new era with TATA.Ev.
"Our new brand identity for electric vehicles underlines our commitment to accelerate the adoption of clean energy mobility solutions," he noted.
With a dominating market share of over 70 per cent in the four-wheeler EV segment, the automaker intends to drive a positive change in the automotive industry with the focus on sustainability, community, and technology, he added.
"Both the products and services are intended to create highly differentiated and meaningful consumer experiences. The brand personality is humane, honest, invigorating, and conversational – a rallying point for those curious about having a better impact on the world," Srivatsa stated.
Tata Passenger Electric Mobility Ltd, a subsidiary of Tata Motors with TPG Rise Climate as an investor, aims to invest USD 2 billion by 2026 to launch ten new electric vehicles, build a dedicated BEV architecture, support local manufacture of key components and development of advanced automotive and battery technologies.
It also intends to catalyse the creation of a widespread charging infrastructure as well as growth of other infrastructure to facilitate rapid EV adoption in India. Tata Motors expects electric vehicles to account for half of its passenger vehicle sales by 2030. The automaker aims to sell around 1 lakh EVs this year.
The company's current EV portfolio comprises the Nexon EV range, Tiago EV, Tigor EV and the XPRES-T EV.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
12:55 PM IST