Tata Motors plans five new EV launches by FY30; targets 50% market share

Tata Motors Passenger Vehicles (TMPV) has outlined an aggressive roadmap for its electric vehicle business, announcing plans to introduce five new EV nameplates by FY30. The strategy is designed to cement its leadership in India’s fast-growing electric passenger vehicle market as competition from global and domestic players intensifies.

The upcoming launches include the iconic Sierra.ev—which has recorded over 70,000 confirmed orders since bookings opened last week—and the premium Avinya range, slated for a late 2026 debut on the dedicated EMA architecture.

The company confirmed a capital expenditure (capex) commitment of ₹16,000 crore to ₹18,000 crore between FY25 and FY30. This investment will fund product development and a massive expansion of charging infrastructure, with Tata Motors aiming to scale the national network to more than 10 lakh (1 million) charging points by 2030.

Shailesh Chandra, Managing Director and CEO of TMPV, stated: “As EV adoption accelerates, our focus is on making electric mobility accessible across segments, strengthening the ecosystem, and investing in India-first technology to maintain our first-mover advantage.”

Dominance Amidst Competition 

Tata Motors currently dominates the domestic space with a 66% market share. Today, the company officially celebrated surpassing the 2.5 lakh (250,000) cumulative EV sales milestone. Notably, the Nexon.ev alone accounts for over 100,000 of these units, making it the first electric car in India to hit this record.

Management believes that by maintaining this product momentum, a steady-state market share of 45–50% is achievable by 2030. Following the roadmap announcement, Tata Motors shares closed at ₹362.60 on the NSE, up 0.96%, outperforming the broader auto index.

Executive Summary

Tata Motors has unveiled a massive strategic roadmap to launch five new electric vehicles by FY30, backed by a significant ₹16,000–₹18,000 crore investment in R&D and infrastructure. The company, which celebrated the historic milestone of 2.5 lakh cumulative EV sales today, aims to maintain a steady-state market share of 50% by 2030. Key to this strategy is the rollout of high-demand models like the Sierra.ev and Avinya, alongside an ambitious plan to expand the national charging ecosystem to 10 lakh (1 million) points.

Frequently Asked Questions (FAQs)

Q1: How many new electric vehicles does Tata Motors plan to launch? 

The company plans to introduce five new EV nameplates by FY30. This includes the Sierra.ev and the upcoming premium Avinya series, along with three additional nameplates to be revealed later.

Q2: When will the Sierra.ev be available? 

Bookings are currently open. Deliveries for the Sierra.ev are officially scheduled to commence on January 15, 2026.

Q3: What is the investment target for the EV business? 

Tata Motors has committed ₹16,000–₹18,000 crore between FY25 and FY30 to fund R&D, platform development, and capacity expansion.

Q4: What is the significance of the 2.5 lakh sales milestone? 

Crossing 250,000 cumulative sales today cements Tata’s dominance. The Nexon.ev also became the first electric car in India to cross 1 lakh individual sales today.

Q5: How is the company addressing charging infrastructure? 

Tata Motors aims to facilitate a national ecosystem of 10 lakh (1 million) charging points by 2030, which includes home, community, and public charging solutions.