Early enthusiastic EV adopter phase probably over; focus on mkt development: Tata Motors Grp CFO PB Balaji

Tata Motors is focusing on market development to boost electric vehicle (EV) penetration in India and address concerns of new customers. The company missed its guidance of selling 1 lakh units of EVs in FY24 and is confident of crossing the milestone this fiscal. Tata Motors is committed to the expansion of EVs and plans to launch its Curvv EV this year. The company is addressing what is stopping EV adoption faster and clear the pathway for it to start accelerating again.