- 02 May 2022
- ICICI Securities
TATAMOTORS - 418 Change: 19.35 (4.85 %)
News: Tata Motors recently unveiled its new concept electric vehicle based on GEN 3 architecture, which is an born and only electric platform. New product launch from this platform is expected by 2025.
Views: Tata Motors is already a leader in the electric vehicle space domestically with >70% market share and remains further committed to electric mobility through new platform developed specifically for EVs (GEN 3). EVs based on GEN 3 promises a minimum certified range of 500 km. Recent media articles suggests company looking to multiply its electric sales volume in FY23E over FY22.
Impact: Positive