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"We had seen a very strong growth in FY23 of 25%, which is likely to moderate in FY24 to about 8%. Therefore, we are seeing with this high base effect, and FY25 will be slightly challenging with less than 5% growth rate," Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said in an analyst call.
Cars News: Notably, Tata Motors, with one of the top-selling electric PV lineups in the country, has already started the year strongly with the launch of the el
Tata Motors kicked off 2024 with the launch of Punch EV on January 17 at a starting price of ₹10.99 lakh.
Tata Motors announced that the upcoming Punch EV will be armed with the carmaker's new Gen-2 Pure EV platform which promises better efficiency and faster charging among other things.
Chandra, who also heads Tata Passenger Electric Mobility (TPEM), said even as more choices are made available for customers in the electric vehicle segment in the local market by automakers, there are roadblocks where government needs to intervene.