MUMBAI - Tata Motors (NYSE:TTM) has introduced the Punch EV, an electric SUV, to the Indian market, broadening its range of electric vehicles (EVs) as part of its strategy to cement its dominance in the EV segment. The Punch EV, unveiled on Wednesday, is priced from ₹10.99 lakh to ₹14.99 lakh and is built on the company's new Pure EV Architecture, known as acti.ev.
The Punch EV arrives in various variants, featuring two battery options: 25 kWh and 35 kWh. These powertrains offer a driving range of up to 421 kilometers, addressing range anxiety which is a common concern among potential EV buyers. Shailesh Chandra, the Managing Director of Tata Motors, emphasized the company's commitment to the electrification of its fleet and hinted at future expansions.
"We plan to introduce more EV models," said Chandra, signaling a bullish outlook for the company's EV ventures. Currently, Tata Motors holds a significant 73% share of the electric vehicle market in India.
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