India’s Tata Motors to Purchase Batteries from Chinese Enterprises
According to a report by Indian media Economic Times, citing a leak from the Livemint website, Tata Motors, India’s largest integrated automobile company, will purchase electric vehicle batteries from Chinese enterprises to resolve performance issues and achieve supply and technological diversification.
The Economic Times stated that Tata Motors currently sells a range of electric vehicles in India, occupying more than 60% of the Indian electric vehicle market. According to an addition by the Business Standard, this marks a change in Tata Motors’ strategy of only purchasing battery packs from its group company, Tata AutoComp Systems. Tata Motors’ decision is aimed at addressing challenges from the electric vehicle market and solving performance issues, such as battery capacity decline in early models.
As previously reported by Global Times, many automakers have started introducing electric models in the Indian market. Data shows that the Indian electric vehicle market has shown some growth in recent years. According to a report on the Counterpoint research website, sales of electric vehicles in India almost doubled in 2023, and it is expected to grow by 66% in 2024, reaching 4% of total passenger vehicle sales. By 2030, electric vehicles are expected to account for nearly one-third of the Indian market.
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