MUMBAI - Tata Motors (NYSE:TTM) has expanded its electric vehicle (EV) portfolio with the introduction of the Punch EV, an electric SUV, to the Indian market. The unveiling took place on Wednesday and is part of the company's strategy to strengthen its dominance in the EV segment. The Punch EV is priced from ₹10.99 lakh to ₹14.99 lakh and is constructed on Tata's new Pure EV Architecture, known as acti.ev. Deliveries of the Punch EV across India are anticipated to commence next week.
The Punch EV is available in various models, offering two battery options: 25 kWh and 35 kWh. These powertrains provide a driving range of up to 421 kilometers, addressing range anxiety which is a common concern among potential EV buyers. However, the Acti.ev platform allows for varied drivetrain setups—AWD, RWD, or FWD—with battery range options extending from 300 km to an impressive 600 km.
The Acti.ev platform is designed for versatility and complies with GNCAP and BNCAP safety protocols. It supports multiple car designs and is equipped with both AC (7.2 kW to 11 kW) and DC fast charging capabilities that can quickly add up to 100 km of range in just about ten minutes.
Shailesh Chandra, the Managing Director of Tata Motors, emphasized the company's commitment to electrifying its fleet and hinted at future expansions. "We plan to introduce more EV models," said Chandra, signaling a bullish outlook for the company's EV ventures.
As part of their electrification strategy, Tata Motors plans to launch four more EVs later this year: Harrier EV on Acti.EV platform; Curvv EV with a potential range up to 500 km on modified X1 platform; Sierra EV; and Altroz EV following Tiago's electric version. The company aims to boost electric car sales to about 80,000 units by the end of the year with these launches. The strategic goal is for electric vehicles to represent approximately a quarter of Tata’s total vehicle sales within three years.
Currently, Tata Motors holds a significant market share, over 70%, in India's growing EV segment. However, with the planned launches and the rising popularity of EVs, Tata expects national sales could reach one lakh units by year-end.
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