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Business Standard
3 days ago
- Automotive
- Business Standard
EV makers Tata Motors, Mahindra seek to block hybrids in govt fleets
India's biggest automakers are seeking to block a pollution management body's attempts to promote hybrid vehicles in government fleets in and around New Delhi, saying it will disrupt adoption of cleaner battery electric cars and hit investments, documents show. Companies, including Mahindra & Mahindra and Tata Motors, are lobbying the ministry of heavy industries to overturn an attempt to equate hybrids with EVs and ensure incentives for all government programmes are restricted to electric models, five company letters seen by Reuters show. In a May 2 advisory, the Commission for Air Quality Management, tasked with fixing severe air pollution levels in India's capital region, categorised strong hybrids as "cleaner vehicles" recommending their use in government fleets, a move that caught carmakers by surprise. Given the "ultra-high density" of vehicular traffic in New Delhi and nearby areas, there is a need to move away from "polluting vehicles, dependent purely on fossil fuels like diesel and petrol", the commission said. Automakers, however, argue that hybrids - which use a battery and combustion engine - are reliant on fossil fuels whereas EVs produce zero tailpipe emissions, making them an effective solution for the urban air pollution crisis. "Our plea is for government policy and incentives to stay firmly focused only on EVs," Mahindra said in its May 15 letter to the heavy industries ministry. Along with Tata and Mahindra, JSW MG Motor, Hyundai Motor and Kia Corp have also written to the ministry in support of electric cars, rekindling their face-off with hybrid proponents like Toyota Motor and Maruti Suzuki. Tata, Mahindra, JSW MG Motor, Hyundai , Kia Corp and the ministry of heavy industries did not respond to requests for comment. Policy Uncertainity The potential opportunity is huge - of the 847,544 vehicles in use by government agencies across India in 2022, only 5,384 were EVs - less than 1 per cent, official data showed. A major concern for EV makers is that support for hybrids dilutes the Indian government's own policy which incentivises only EVs in its production-linked schemes and other programmes. It will also create confusion among car buyers, companies and investors, hurting EV sales at a time when their growth is already slowing due to inadequate charging infrastructure and high upfront vehicle costs. "The lack of a consistent and predictable policy environment may deter long-term investors ... particularly in high-capex, technology-intensive sectors like EV," said Tata, which has raised $1 billion from private equity firm TPG for its EV push. Tata in its May 15 letter said, the commission's move will undermine current and proposed EV investments, impact India's global image as an investor friendly destination and send mixed signals to international stakeholders. Carmakers in India are expected to invest over $10 billion through 2030 to manufacture lithium-ion cells, EVs and batteries, ratings agency Moody's said in a report, adding EV adoption rates in India are still low versus China, Europe and the U.S. Mahindra's EV unit counts Singapore's Temasek and British International Investment among investors while Hyundai plans to invest over $500 million in EVs in India.
Time of India
3 days ago
- Automotive
- Time of India
EV makers Tata, Mahindra seek to block hybrids in govt fleets, documents show
India's biggest automakers are seeking to block a pollution management body's attempts to promote hybrid vehicles in government fleets in and around New Delhi, saying it will disrupt adoption of cleaner battery electric cars and hit investments, documents show. Companies, including Mahindra & Mahindra and Tata Motors , are lobbying the ministry of heavy industries to overturn an attempt to equate hybrids with EVs and ensure incentives for all government programmes are restricted to electric models, five company letters seen by Reuters show. In a May 2 advisory, the Commission for Air Quality Management, tasked with fixing severe air pollution levels in India's capital region, categorised strong hybrids as "cleaner vehicles" recommending their use in government fleets, a move that caught carmakers by surprise. Given the "ultra-high density" of vehicular traffic in New Delhi and nearby areas, there is a need to move away from "polluting vehicles, dependent purely on fossil fuels like diesel and petrol", the commission said. Automakers, however, argue that hybrids - which use a battery and combustion engine - are reliant on fossil fuels whereas EVs produce zero tailpipe emissions, making them an effective solution for the urban air pollution crisis. "Our plea is for government policy and incentives to stay firmly focused only on EVs," Mahindra said in its May 15 letter to the heavy industries ministry. Along with Tata and Mahindra, JSW MG Motor , Hyundai Motor and Kia Corp have also written to the ministry in support of electric cars, rekindling their face-off with hybrid proponents like Toyota Motor and Maruti Suzuki. Tata, Mahindra, JSW MG Motor, Hyundai , Kia Corp and the ministry of heavy industries did not respond to requests for comment. Policy uncertainty The potential opportunity is huge - of the 847,544 vehicles in use by government agencies across India in 2022, only 5,384 were EVs - less than 1%, official data showed. A major concern for EV makers is that support for hybrids dilutes the Indian government's own policy which incentivises only EVs in its production-linked schemes and other programmes. It will also create confusion among car buyers, companies and investors, hurting EV sales at a time when their growth is already slowing due to inadequate charging infrastructure and high upfront vehicle costs. "The lack of a consistent and predictable policy environment may deter long-term investors ... particularly in high-capex, technology-intensive sectors like EV," said Tata, which has raised $1 billion from private equity firm TPG for its EV push. Tata in its May 15 letter said, the commission's move will undermine current and proposed EV investments, impact India's global image as an investor friendly destination and send mixed signals to international stakeholders. Carmakers in India are expected to invest over $10 billion through 2030 to manufacture lithium-ion cells, EVs and batteries, ratings agency Moody's said in a report, adding EV adoption rates in India are still low versus China, Europe and the U.S. Mahindra's EV unit counts Singapore's Temasek and British International Investment among investors while Hyundai plans to invest over $500 million in EVs in India.
Time of India
3 days ago
- Automotive
- Time of India
EV makers Tata, Mahindra seek to block hybrids in govt fleets, documents show
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India's biggest automakers are seeking to block a pollution management body's attempts to promote hybrid vehicles in government fleets in and around New Delhi, saying it will disrupt adoption of cleaner battery electric cars and hit investments, documents including Mahindra & Mahindra and Tata Motors , are lobbying the ministry of heavy industries to overturn an attempt to equate hybrids with EVs and ensure incentives for all government programmes are restricted to electric models, five company letters seen by Reuters a May 2 advisory, the Commission for Air Quality Management, tasked with fixing severe air pollution levels in India's capital region, categorised strong hybrids as "cleaner vehicles" recommending their use in government fleets, a move that caught carmakers by the "ultra-high density" of vehicular traffic in New Delhi and nearby areas, there is a need to move away from "polluting vehicles, dependent purely on fossil fuels like diesel and petrol", the commission however, argue that hybrids - which use a battery and combustion engine - are reliant on fossil fuels whereas EVs produce zero tailpipe emissions, making them an effective solution for the urban air pollution crisis."Our plea is for government policy and incentives to stay firmly focused only on EVs," Mahindra said in its May 15 letter to the heavy industries with Tata and Mahindra, JSW MG Motor , Hyundai Motor and Kia Corp have also written to the ministry in support of electric cars, rekindling their face-off with hybrid proponents like Toyota Motor and Maruti Mahindra, JSW MG Motor, Hyundai , Kia Corp and the ministry of heavy industries did not respond to requests for potential opportunity is huge - of the 847,544 vehicles in use by government agencies across India in 2022, only 5,384 were EVs - less than 1%, official data showed.A major concern for EV makers is that support for hybrids dilutes the Indian government's own policy which incentivises only EVs in its production-linked schemes and other will also create confusion among car buyers, companies and investors, hurting EV sales at a time when their growth is already slowing due to inadequate charging infrastructure and high upfront vehicle costs."The lack of a consistent and predictable policy environment may deter long-term investors ... particularly in high-capex, technology-intensive sectors like EV," said Tata, which has raised $1 billion from private equity firm TPG for its EV in its May 15 letter said, the commission's move will undermine current and proposed EV investments, impact India's global image as an investor friendly destination and send mixed signals to international in India are expected to invest over $10 billion through 2030 to manufacture lithium-ion cells, EVs and batteries, ratings agency Moody's said in a report, adding EV adoption rates in India are still low versus China, Europe and the EV unit counts Singapore's Temasek and British International Investment among investors while Hyundai plans to invest over $500 million in EVs in India.
NDTV
22-05-2025
- Automotive
- NDTV
New MG Electric SUV Design Patent Leaked, Check Details
JSW MG Motor India has been working on diversifying its electric vehicle lineup for quite some time now. Also, the brand's Windsor EV has garnered impressive sales volume and has emerged as one of the top-selling EVs in the Indian market. The brand has also launched the Windsor EV Pro with a larger battery pack and features. Apart from its current EV lineup, MG is also looking forward to diversifying its portfolio. Recently, a leaked patent image shows that the British auto major is working on a new electric SUV. MG electric SUV design patent leaked JSW MG Motor's parent company, SAIC Motor, has filed the design patent for its upcoming electric car. The patent images suggest that the upcoming electric vehicle is going to be an SUV and resembles an enlarged version of the MG S5. The electric SUV's design patent shows a larger brand logo in the front, gets sleeker LED headlights, LED DRLs, countered closed-off grille at the front, and the creased bumper design adds to the premium outlook. The rear part of the MG mid-size SUV is equipped with elements like connected wrap-around LED tail lights, an extended roof spoiler, a sporty rear bumper, and a windshield wiper at the rear. Also, the premium design components of the MG electric SUV include conventional door handles, large alloy wheels, large window area, larger rear doors, and stylish faux roof rails. MG electric SUV, side profile The new MG electric SUV is said to be a ground-up MG vehicle and will be based on the brand's Modular Scalable Platform (MSP), previously seen in the Cyberster, MG 4, and others. The powertrain specs have not been revealed yet, but the reports suggest that the mid-size SUV will rival with the likes of the Volkswagen ID4, Kia EV5, BYD Sealion 7, and the Tesla Model Y.
Time of India
14-05-2025
- Automotive
- Time of India
Tata Motors sticks to EV leadership goal despite setback
New Delhi: Tata Motors reported a 10.7 per cent year-on-year decline in electric vehicle (EV) sales, reaching approximately 57,616 units in FY25, compared to 64,530 units sold in the previous year. The drop was largely attributed to a slowdown in fleet sales, with the company citing withdrawal of FAME-II subsidy and operational challenges faced by fleet operators that reduced their overall contribution. However, the maker of the Tiago and Tigor reaffirmed that mainstreaming EVs remains a top priority. Tata Motors is advancing its EV portfolio strategy with upcoming models like the Sierra and Harrier EV, along with planned upgrades to existing models, according to PB Balaji, Group Chief Financial Officer. The carmaker managed to maintain its market leadership in EVs at 55.4 per cent, even though it has fallen drastically from the earlier 80 per cent. This may be attributed to increased competition from JSW MG Motor and slower interest for its own models. Its EV penetration stood at 11 per cent while CNG was at 25 per cent in FY25. On a full year basis, the PV business revenue declined by 7.5 per cent. 'The decline in revenues was primarily on account of decline in hatches volumes.' Overall, Tata Motors has turned net cash positive in the financial year ended March 2025. In 2023, ETAuto reported about the plan and how its Indian business delivered a net debt that touched its lowest in 15 years. The company's free cash flow (automotive) for the year, was at ₹22.4K crore, as compared to ₹26.9K crore in FY24, owing to cash profits and favourable working capital. Commercial Vehicles (CVs) Tata Motors accounted for 37 per cent of the domestic CV retail market in FY25. Balaji said despite a decline in revenues, the company noted improved profitability in this segment—a development it described as a significant milestone, marking possibly the first such improvement in 25 years. Moving ahead, he sees all fundamentals pointing to stability in the CV segment, with market conditions largely supportive. However, Tata Motors acknowledged facing stress within parts of its portfolio during FY25. The company identified its small CV business as an area requiring strategic intervention and corrective action. Additionally, Tata Motors has received shareholder approval for its proposed demerger-- which will separate its CV and PV business into independently listed entities-- on May 6. The next step involves seeking clearance from the National Company Law Tribunal (NCLT), with an order expected sometime in the second quarter of FY25. Subject to NCLT approval, the company anticipates setting July 1 as the appointed date and October 1 as the effective date for the demerger. Meanwhile, internal transition processes are progressing smoothly. The company confirmed that employee allocation between the resulting entities has been completed, ensuring operational readiness ahead of the formal split. Jaguar Land Rover (JLR) The recently concluded India-UK Free Trade Agreement (FTA) is expected to benefit the Tata Motors' luxury segment, Jaguar Land Rover (JLR), as the automotive import tariffs have been reduced from over 100 per cent to 10 per cent under a quota system. However, the duty-free quota for electric vehicles remains limited to only a few thousand units. Balaji said the implementation of the FTA will significantly enhance customer access to JLR vehicles in India by enabling quicker availability of global models at more competitive prices. Tata Motors brings Range Rover models in India via CKD (completely knocked down) route. The current cars that are already there in India, the Range Rover franchise, which is the Range Rover, Range Rover Sport, Evoque, and the Velar, these are already being manufactured in India on a CKD basis, so these won't be impacted by this FTA that is coming in. 'This will support sustained performance for JLR in the Indian market going forward,' he noted. However, Balaji clarified that any decision regarding local manufacturing of JLR vehicles in India remains a longer-term strategic consideration for the company. Commenting on JLR's outlook in the US amid ongoing trade tensions, Balaji welcomed the move to lower tariffs on UK auto exports to 10 per cent, saying it is 'directionally on the right track.' However, the company is awaiting the fine print in terms of timings, so we must wait to also need a few clarifications. Tata Motors acknowledged that sales of the Land Rover Defender in the US have been impacted by existing tariffs. The company is actively exploring ways to mitigate the effect of these tariff increases. 'We are working on strategies to offset the impact, while remaining optimistic about the possibility of a trade agreement between the EU and the US—similar to the one already in place between the UK and the US,' said a company spokesperson. 'We are hopeful that such a deal will materialise sooner rather than later.' Looking ahead, Tata Motors expects its investment outlay to remain steady at £18 billion over a five-year period, with funding sourced primarily from operational cash flows. The company also stated it will continue to closely monitor and evaluate the impact of evolving global challenges on its operations and strategy.
