Tata Motors expects CNG, EV sales to increase in future
One of the leading automobile manufacturers of India, Tata Motors is anticipating its CNG and EV sales to go up in the next 3-5 years. The company is also expecting to roll out new products in a bid to acquire the emerging market share of the EV industry. Tata Motors President Passenger Vehicle and Electric Vehicles Shailesh Chandra in a statement said: "I think CNG is a segment which is going to grow in the coming years. This will be a subset of, I would say, the petrol, because this is being more triggered with the rising cost of petrol. It uses a petrol engine...and therefore, it will mostly cannibalise petrol and to a great extent, also diesel, replacing diesel in the entry segment."In the next three to five years, petrol will possibly come down to about 50 per cent level, CNG will go up to 20 per cent..diesel would come down further to about 10 per cent and I would say (for) EV..., we have already declared our target of going more towards 20 per cent,” He also said that the automaker is primarily focusing on to launch new cng and ev vehicles in hte hatchback and compact sedan segment.
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