India’s leading electric vehicles manufacturer Tata Motors has unveiled its new Curvv design to help it produce longer-range EVs. The company plans to deploy this new platform and the first EVs will be out by 2024 with bigger batteries and range up to 500km.
Tata Motors has seen a surge in the number of electric vehicles it has sold in India in the last two years and it is the leading local manufacturer of EVs in the subcontinent. The gradual growth in demand has been fueled by an incentive regime for manufacturers that cut across the central and regional governments. However, despite the incentives, EVs currently account for about 1% of vehicle sales in India, due mainly to their cost and lack of sufficient EV infrastructure.
The Curvv design will see Tata Motors manufacturing cars with bigger batteries and more efficient and shorter charging times for the batteries. The budding Indian EV market is still grappling with the high prices of EVs together with a dearth of charging infrastructure in several parts of the country. The new design will be based on a new architecture for electric models.
Tata Motors has made a huge investment in EV technology to deliver clean cars to the Indian market. It plans to raise more than $2 billion in equity funding focused on its EV unit research and development efforts. It has also had to grapple with the rising cost of battery cells and other components of EVs.
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