Latest news with #ElectricMobility
Time of India
25-05-2025
- Automotive
- Time of India
Tata Motors seeks to regain 50% mkt share in electric PV segment, charge up portfolio
Tata Motors , the leader in the domestic electric passenger vehicle segment, is seeking to regain its market share of 50 per cent in the mid-to-long term through expansion and renewal of its product portfolio, according to a top company official. With the domestic electric passenger vehicle market fragmenting into four distinct segments on the basis of price points, the company will be entering the above ₹20 lakh category with its upcoming and , Tata Motors Passenger Vehicle and Tata Passenger Electric Mobility Managing Director Shailesh Chandra told PTI here in an interview. The company is working to make the total cost of ownership (TCO) of its EVs in the fleet segment comparable to that of CNG vehicles to regain volumes, he added. "We have the aspiration of sustaining our market share beyond 50 per cent in the mid to long would aspire to be at a 50 per cent market share by having a very wide product portfolio and products which are aligned to the expectation of the customers," Chandra said, adding that by mid-term, he meant 18-24 months and beyond. He was responding to a query on how Tata Motors is looking to maintain its leadership position in the electric PV segment in the wake of intensifying competition. Acknowledging that in the short term, the company will face challenges, he said the decline in the company's market was "pretty much on the cards" as many players have come with multiple products with around 20 models in the market, including luxury cars. The passenger EV market is now segmented into four parts -- ₹8-12 lakh; ₹12 to 20 lakh; above ₹20 lakh and the fleet segment, he noted. Chandra said the company's market share is about 40-41 per cent at present, down from about 55 per cent last fiscal, mainly on account of a drop in fleet sales and intense competition in the ₹12 to 20 lakh segment. "A big part of the loss in volume has come because of the loss of volume in the fleet segment. In the personal segment, we have been kind of sustaining our volumes, but we are losing market share because the competition is coming in," he noted. Elaborating on how the company is preparing to regain its overall market share, he said, "In the ₹8-12 lakh segment where we have and with 75 per cent segment share, we are very comfortable. The idea would be to expand this part of the EV market. We are going to do that by strengthening the value proposition of the existing product and that work is on". In the ₹12-20 lakh segment, he said it is the "most crowded segment" where "all the players have positioned one product or the other". "Here, our market share has come down to 33-35 per cent. This is where we are trying to bring more compelling options with two products that we have here, and to fiercely compete in this segment". Going forward, Chandra said, "There is another segment beyond ₹20 lakh, which is emerging fast, and we are seeing the appetite of people also here to buy electric cars. This is the segment we are not present in right now. This is where we'll come with and then So, that will open a new segment for us, and that should strengthen our volume growth further". On the fleet segment, he said, "Last year, we faced stress because of the discontinuation of the FAME incentive and that brought down the volumes in the fleet segment". So far, the total cost of ownership of an electric car has beaten the diesel option, but the bigger market of the fleet is CNG, Chandra added. "Therefore, the effort is on to ensure how we can bring the (EV) TCO down to the TCO of a CNG and therefore the value proposition in the fleet segment has to be taken forward in that direction and we are actively working on it". With all these actions in the short term, Chandra said, "We will be able to start regaining market share, and also expand our volumes". There will be a continuous expansion and renewal of the portfolio in line with how the market is shaping up, he said, adding "that would mean fresh products, very compelling products going forward". Tata Motors sold about 65,000 EVs in FY25, a drop of 10 per cent compared to FY24.
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Business Standard
25-05-2025
- Automotive
- Business Standard
Tata Motors seeks to regain 50% market share in electric PV segment
Tata Motors, the leader in the domestic electric passenger vehicle segment, is seeking to regain its market share of 50 per cent in the mid-to-long term through expansion and renewal of its product portfolio, according to a top company official. With the domestic electric passenger vehicle market fragmenting into four distinct segments on the basis of price points, the company will be entering the above Rs 20 lakh category with its upcoming and Tata Motors Passenger Vehicle and Tata Passenger Electric Mobility Managing Director Shailesh Chandra told PTI here in an interview. The company is working to make the total cost of ownership (TCO) of its EVs in the fleet segment comparable to that of CNG vehicles to regain volumes, he added. "We have the aspiration of sustaining our market share beyond 50 per cent in the mid to long would aspire to be at a 50 per cent market share by having a very wide product portfolio and products which are aligned to the expectation of the customers," Chandra said, adding that by mid-term, he meant 18-24 months and beyond. He was responding to a query on how Tata Motors is looking to maintain its leadership position in the electric PV segment in the wake of intensifying competition. Acknowledging that in the short term, the company will face challenges, he said the decline in the company's market was "pretty much on the cards" as many players have come with multiple products with around 20 models in the market, including luxury cars. The passenger EV market is now segmented into four parts -- Rs 8-12 lakh; Rs 12 to 20 lakh; above Rs 20 lakh and the fleet segment, he noted. Chandra said the company's market share is about 40-41 per cent at present, down from about 55 per cent last fiscal, mainly on account of a drop in fleet sales and intense competition in the Rs 12 to 20 lakh segment. "A big part of the loss in volume has come because of the loss of volume in the fleet segment. In the personal segment, we have been kind of sustaining our volumes, but we are losing market share because the competition is coming in," he noted. Elaborating on how the company is preparing to regain its overall market share, he said, "In the Rs 8-12 lakh segment where we have and with 75 per cent segment share, we are very comfortable. The idea would be to expand this part of the EV market. We are going to do that by strengthening the value proposition of the existing product and that work is on". In the Rs 12-20 lakh segment, he said it is the "most crowded segment" where "all the players have positioned one product or the other". "Here, our market share has come down to 33-35 per cent. This is where we are trying to bring more compelling options with two products that we have here, and to fiercely compete in this segment". Going forward, Chandra said, "There is another segment beyond Rs 20 lakh, which is emerging fast, and we are seeing the appetite of people also here to buy electric cars. This is the segment we are not present in right now. This is where we'll come with and then So, that will open a new segment for us, and that should strengthen our volume growth further". On the fleet segment, he said, "Last year, we faced stress because of the discontinuation of the FAME incentive and that brought down the volumes in the fleet segment". So far, the total cost of ownership of an electric car has beaten the diesel option, but the bigger market of the fleet is CNG, Chandra added. "Therefore, the effort is on to ensure how we can bring the (EV) TCO down to the TCO of a CNG and therefore the value proposition in the fleet segment has to be taken forward in that direction and we are actively working on it". With all these actions in the short term, Chandra said, "We will be able to start regaining market share, and also expand our volumes". There will be a continuous expansion and renewal of the portfolio in line with how the market is shaping up, he said, adding "that would mean fresh products, very compelling products going forward". Tata Motors sold about 65,000 EVs in FY25, a drop of 10 per cent compared to FY24.
Yahoo
24-03-2025
- Automotive
- Yahoo
Electric Mobility HV Cables Market To Reach USD 5.26 Billion With Growing CAGR 16.8%
Bosch has unveiled a new charging cable for electric vehicles equipped without the traditional 'charging brick' and weighs about 40% less than brick-equipped cables. Dublin, March 24, 2025 (GLOBE NEWSWIRE) -- Introspective Market Research is pleased to announce the publication of its latest report, Electric Mobility HV Cables Market. This in-depth analysis shows that the Global Electric Mobility HV Cables Market, valued at from 2024 to 2032. The high voltage cables market for electric and hybrid vehicles (HEVs), or HV cables market for e-mobility, is crucial to the automotive sector, facilitating high voltage power transfer between engines, powertrains, and batteries while ensuring safety and reliability. This market involves producing and innovating durable, energy-efficient HV cables, driven by expanding electric vehicle (EV) infrastructure and growing adoption worldwide. High voltage cables are vital for effective power transfer and fast charging for mass EV acceptance. Increasing environmental awareness and emissions regulations compel a shift from internal combustion engines to electric systems supported by HV cables. Technical innovations allow for cables that handle higher temperatures and electrical loads. Boosted by government incentives for charging stations, the competitive market sees companies forming strategic alliances and diversifying Industry Insights Driver Growth of the High-Voltage Cable Market in Electric Mobility The market for high-voltage (HV) cables in electric mobility is rapidly growing due to the rising adoption of electric vehicles (EVs) globally. EVs are increasingly favored over traditional internal combustion vehicles as both governments and consumers prioritize sustainability and carbon footprint reduction. HV cables play a critical role in delivering high voltage electricity from batteries to drivetrains, enhancing the efficiency and sustainability of electric mobility systems. Technological advancements are driving market growth by addressing safety regulations and improving power transfer efficiency. Modern HV cables are engineered to minimize energy losses, maximizing driving range and reducing costs for consumers. Additionally, manufacturers are focused on enhancing the durability and reliability of HV cables to withstand automotive conditions, such as temperature fluctuations and mechanical stresses. Stringent global safety regulations further influence the design and production of these cables, ensuring they meet reliability and security standards, thereby fostering trust between manufacturers and consumers. Restraint Limited Raw Material Availability The Electric Mobility HV Cables Market faces a restraint due to the limited availability of essential raw materials such as copper and aluminum because they serve as fundamental components for efficient power transmission. Rising metal consumption alongside disrupted supply operations because of political circumstances causes shortages of raw materials and price fluctuations. The overall production costs for HV cables increase because manufacturers struggle to preserve stable pricing due to this constraint. The rapid growth of electric vehicle (EV) adoption creates substantial strain on raw material availability. Opportunity Government Support Boosts HV Cables Market for Electric Transportation Global government initiatives are significantly driving the expansion of the high-voltage (HV) cable market for electric vehicles (EVs). As countries emphasize reducing greenhouse gas emissions and adopting eco-friendly transport, numerous laws and incentives are being implemented to promote EV usage. These include funding for charging infrastructure and financial incentives like grants and tax credits for EV buyers. By enhancing the regulatory framework, governments are encouraging businesses and consumers to transition to EV technology. Rising environmental awareness has created a demand for EVs equipped with efficient HV cable systems, which are critical for reducing air pollution and reliance on fossil fuels. Manufacturers are innovating and optimizing HV cable designs to accommodate increasing voltages, enhancing energy efficiency and EV performance. Challenge Extreme Environmental Conditions The Electric Mobility HV Cables Market faces substantial difficulty due to operating in extremely harsh environmental conditions. The HV cables utilizing in electric vehicles (EVs) need to tolerate harsh environmental factors like extreme heat combined with moisture exposure and salt damage, and mechanical strain because extreme weather regions and coastal locations present additional challenges. Severe environmental factors damage cable insulation through degradation processes, resulting in power transmission problems that threaten both the safety and reliability of vehicles. Key Players to Watch: Prysmian Group Nexans LEONI Sumitomo Electric Industries LAPP Group Huber+Suhner TE Connectivity General Cable Other Active Players >> Key Segments of Market Report By Material Type Copper Cables Aluminum Cable By Vehicle Type Passenger Vehicles Commercial Vehicles (Trucks, Buses, Vans) By Voltage Level Low Voltage (LV): Typically, up to 1 kV Medium Voltage (MV): Ranges from 1 kV to 35 kV High Voltage (HV): Usually above 35 kV By Application Battery Electric Vehicles (BEVs) Hybrid Electric Vehicles (HEVs) Plug-in Hybrid Electric Vehicles (PHEVs) By Region: In the European region, Electric vehicle utilization in European countries continues to rise due to regulatory measures for emission reduction work and government-sponsored programs. The global leadership in electric vehicle market share belongs to Norway and the Netherlands, where free parking and toll exemptions together with tax incentives make Norway top the rankings. The rise in customer demands leads to increased production of high-voltage (HV) cables that serve as essential components for effective electric power distribution. Manufacturers work on enhancing charging infrastructure to satisfy both mandatory performance requirements and customer satisfaction demands. Comprehensive Offerings: Strategic Points Covered in Table of Contents of Electric Mobility HV Cables Market: Executive Summary In the market research report, the executive summary highlights the most critical market findings, including key trends and actionable insights, offering clients a snapshot of the report's core takeaways. Market Landscape This section is crafted to include a detailed analysis of Electric Mobility HV Cables Market Dynamics, Growth Trends, and Regulatory Frameworks. Tools like PESTEL Analysis, Value Chain Analysis, and Investment Pockets are employed to present a thorough market outlook and future growth projections. Electric Mobility HV Cables Market Competitive Analysis The competitive analysis examines the Key Players, Their Positioning, Strengths, And Opportunities. By mapping competition, we provide actionable intelligence for clients to strategize effectively. Electric Mobility HV Cables Market Segmentation Analysis In segmentation, we break down the market into Key and Sub-Segments, focusing on their growth potential, demand patterns, and overall market contribution. Regional Analysis Through in-depth global, regional, and country-level insights, we analyse key growth drivers and challenges specific to each geography. Electric Mobility HV Cables Market Analyst Viewpoint and Conclusion The concluding section consolidates the findings, offering strategic recommendations and emphasizing practical, client-centric strategies to navigate market complexities. Thematic Research Methodology Leveraging primary and secondary research, we ensure data authenticity and reliability. Our reports follow the MORE Principle: Magnifying Insights: Delivering accurate and detailed research findings. Optimizing Strategies: Customizing strategies for client needs. Refining Solutions: Continuously enhancing research processes. Elevating Client Impact: Creating measurable value for client success. About Us: Introspective Market Research (IMR) is a global market research firm that provides strategic insights through advanced analytics and large data sets. With CEO Mrs Swati Kalagate at the helm, IMR assists businesses in predicting future trends by analyzing both historical and contemporary market patterns. Leveraging a strong network of industry professionals, the company ensures accurate market forecasts and data visualizations. Insights are gathered from key executive interviews and comprehensive secondary research, which includes both online and offline sources, along with discussions with experts. IMR is committed to delivering high-quality data and helping clients achieve their business objectives through precise and practical insights. Contact Us: Canada Office Introspective Market Research Private Limited, 138 Downes Street Unit 6203- M5E 0E4, Toronto, Canada. APAC Office Introspective Market Research Private Limited, Office No. 401, Saudamini Commercial Complex, Kothrud, Pune, India 411038 Ph no: +91-81800-96367 / +91-7410103736 Email: sales@ in to access your portfolio
