Tata Motors said it plans to invest up to 350 billion rupees ($4.1 billion) over the next five years as part of its strategy to reinforce its leadership in India’s growing electric vehicle (EV) market, according to an investor day presentation released on Monday.
The company intends to nearly double its EV portfolio from eight to 15 models, while also expanding its range of compressed natural gas (CNG) vehicles and enhancing technology features across its lineup. The investment comes as India prepares to introduce stricter emission norms in 2027 and works toward a national goal of EVs making up 30% of total car sales by 2030.
Tata Motors did not specify its capital expenditure for the fiscal year ending March 2026 but previously stated it would allocate around 80 billion rupees for its domestic operations, including commercial vehicles. The company continues to face increasing pressure from competitors in both the internal combustion engine and EV markets. Mahindra & Mahindra (MAHM.NS) has gained ground in the traditional segment, while China’s MG Motor (600104.SS) has challenged Tata’s EV sales with newer offerings.
Despite the competition, Tata Motors has maintained its market share targets, aiming to reach 16% by March 2027 and 18%-20% by March 2030. As part of its product strategy, the automaker recently launched the Harrier.ev, an electric SUV equipped with all-wheel drive and new technology features. In a parallel effort to support its EV rollout, Tata Motors has begun deploying a nationwide fast-charging network, with 10 TATA.ev MegaChargers already installed and plans to expand to 500 stations. The company is also working to increase the number of available public charging points to 400,000 by 2027.