Tata Motors aims to rebound EV sales after recording 10% dip in FY25

With the upcoming launch of the Harrier.ev and Sierra.ev,  Tata Motors is expecting to revive its passenger EV sales following the recent decline by 10% in FY25, the company’s CFO, PB Balaji, said on Tuesday

Citing Balaji, PTI reported, "Tata Motors sold about 65,000 units (of EVs) this year (FY25), which was about 10 per cent lower than what we sold last year (FY24)." He further added that the decline in the company’s sales was due to the withdrawal of the FAME II subsidy and some other challenges faced by the fleet operators.

He added that Tata Motors is looking for ways to reverse the decline in fleet sales as a percentage of total EV sales.

According to the PTI, Balaji said, "We are getting the momentum back in terms of numbers, and we hope to do pretty strongly in the coming year, and the product pipelines are accordingly positioned. The product formats are accordingly positioned, and we hope to start FY26 on a strong note".

"With more and more competition coming in, the EVs are slowly becoming a conversation that people would want to engage in," Balaji added in reference to the growing rivalry in the Indian EV industry. Another indication that the company is performing well is the fact that they are still the biggest company in the EV industry.

According to Balajai, the company is also going to establish almost 21,000 fast charging networks. He said, "We believe we are on the right track with respect to continuing to drive leadership in this particular segment," PTI reported.

In response to a question regarding Tata Motors' total capital expenditures for FY26, he stated that there will be no significant changes from FY25. The group's capital expenditures for Tata Motors and JLR in FY25 were around Rs 8,400 crore and 3.8 billion pounds, respectively.

According to Balaji, the Tata Motors group made the largest investment in history in FY25, at about Rs 48,000 crore, and achieved record profits, "landing at almost Rs 4.4 lakh crore."