Tata Motors, a key player in India’s automotive sector, is signaling a notable change in its approach to powertrains. Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, shared that the company is contemplating the introduction of hybrid vehicles in the future, contingent on market needs. Should specific segments demand hybrid technology to stay competitive, Tata Motors is ready to step in. The firm is considering the launch of petrol-hybrid vehicles “at different points in time.”
Currently, Tata Motors is heavily invested in electric vehicles (EVs). However, due to evolving regulations and an increasing appetite for hybrids, the company is reassessing its strategy. Chandra emphasized that while Tata Motors is not opposed to hybrid technology, it is wary of leveraging incentives for a technology that stands on its own. Notably, Karnataka and Uttar Pradesh have recently rolled out tax incentives for hybrid vehicles, bringing them closer to the advantages currently offered for EVs.
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