The company is spearheading the transition to sustainable mobility because smart customers aspire to have access to vehicles that deliver climate change neutrality and offer best-in-class features and safety. Tata Motors is on a mission to make the future of green mobility a reality for India to help achieve its net zero target. Tata motors is pioneering the Indian 4-wheeler passenger market with over 90% market share and launching affordable EV in the $10,000 bracket accounting for approximately 40% of their total EV sales. TATA Motors – Showcased 14 vehicles and concepts at the Auto Expo 2023 including India’s first hydrogen ICE powered concept truck, India’s first hydrogen fuel cell powered tractor concept and India’s first hydrogen fuel cell bus for commercial application to enable customers to make a seamless transition to clean and commercially viable mobility solution. Innovative advancements and endeavours by Indian automakers: At the recently concluded Society of Indian Automobile Manufacturers (SIAM) Annual Convocation, the Prime Minister, Shri Narendra Modi, noted Indian Auto Industry’s efforts towards decarbonisation through the introduction of vehicles with a range of powertrain technologies. The Indian automakers are increasingly embracing sustainable practices to reduce carbon footprint. The domestic electric vehicles (EV) market is expected to grow at a compound annual growth rate (CAGR) of 49% between 20 and is expected to hit one crore units annual sales by 2030. In December 2022, India became the 3 rd largest automobile market, surpassing Japan and Germany in terms of sales, with the sector contributing 7.1% to the national GDP. ![]() India's roadmap for a greener future rests on key changes towards low-carbon development paths including the development of an integrated, efficient and inclusive transport system, as well as decarbonising the transport sector by promoting and improving sustainable options, such as electric cars. At the 26 th session of the United Nations Framework Convention on Climate Change (COP 26) in November, 2021, it announced its target to achieve net zero by 2070. Great Places for Manufacturing in IndiaĮlectric vehicles and green mobility are the new buzzwords in the auto industry as India shifts its gears towards achieving its sustainability goals.Production Linked Incentives (PLI) Schemes in India.Loan Guarantee Scheme for Covid Affected Sectors. ![]() Dadra and Nagar Haveli and Daman and Diu.Semiconductor and Display Manufacturing.
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