Business
With Long-Term EV Ambitions, Tatas To Venture Into Semiconductor And Battery Production
Tata Sons’ chairman N Chandrasekaran.
The Tata Group plans to venture into semiconductor production in order to address the global chip shortage.
N Chandrasekaran, chairman of the Tata Sons Pvt, revealed to the press during an event in Mumbai that the conglomerate is simultaneously considering manufacturing batteries for electric vehicles (EVs).
Tata Motors is reportedly seeking alternatives for chips and even purchasing them from the open market to work around the prevalent semiconductor crunch.
“Supply chain is getting very precarious and uncertain,” Tata Motors’ Passenger Vehicles Managing Director Shailesh Chandra was quoted in a report by The Economic Times.
The company holds a 70 per cent share in the country’s electric-car market and Chandra explained that the chip shortage has a more ‘acute’ impact on electric vehicles (EVs) than in gasoline models.
Accordingly, the waiting period for EVs at Tata Motors could be as long as six months as compared to four months for internal combustion engine (ICE) cars.
Meanwhile, the automaker has also made public its plans to roll out its inaugural pure electric car named ‘Avinya’ by 2025.
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