Tata Motors Limited · NSE:TMCV
Tata Motors — Investor Presentation (November 2021)
19 slides from Tata Motors's investor presentation, Nov 10, 2021
Slide 1: Exchange submission letter for investor presentation
BSE Limited Listing Compliance Department First Floor, New Trading Ring National Stock Exchange of India Ltd. Rotunda Building, P J Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort, Mumbai 400 001 Bandra (E), Mumbai 400 051 Kind Attn: Mr Khushro A. Bulsara Kind Attn: Mr Lokesh Bhanda
Slide 2: Future of Electric Vehicles in India
Future of Electric Vehicles in India Mr. Shailesh Chandra 10th Nov 2021 c Copyright, Confidential, Tata Motors Limited
Slide 3: Indian EV industry: Progress so far…
Indian EV industry: Progress so far… © Copyright, Confidential, Tata Motors Limited c Copyright, Confidential, Tata Motors Limited 2
Slide 4: Electrification is an imperative to address key issues of national interest
Electrification is an imperative to address key issues of national interest Issues of National Interest Focus areas Urban Pollution COP 26 commitment • 14/15 polluted cities Reduction in emissions intensity by 45%1 • 1.2 Mn deaths percent below 2005 levels by 2030, net • Welfare losses - 7.7% of GDP
Slide 5: Multiple barriers have kept the penetration of EVs low in India
Multiple barriers have kept the penetration of EVs low in India Range anxiety Ltd. charging infrastructure Poor range for long/outstation trips, High Inadequate, Unavailable on-demand, Unreliable power charging time, Unpredictable range supply Lack of suitable EV options Lack of awareness of EVs Lim
Slide 6: Government has shown a strong intent to drive electrification through enabling policies
Government has shown a strong intent to drive electrification through enabling policies to overcome the barriers to adoption FAME II PLI ACC BSVI Phase II FAME 1 EV PMP PLI Auto 2013 2015 2017 2019 2020 2021 2022 2023 BSIV NEMMP EESL Tender 10K EVs BSVI Phase I CAFE Road Tax & Income Tax Low GST Rat
Slide 7: Offering more choices to the customers and addressing the issues around range and price
Offering more choices to the customers and addressing the issues around range and price have been crucial in increasing the consideration for EVs Xpress- T (LV) : 162 Km and 213 Km, 21 kWh Nexon EV (HV): 312 Km, 30.2 kWh Tigor EV (HV): 306 Km, 25.9 kWh 6 c Copyright, Confidential, Tata Motors Limite
Slide 8: Awareness creation, credibility building and myth busting have brought greater confidence
Awareness creation, credibility building and myth busting have brought greater confidence among prospective buyers Creation of Awareness & Aspiration Building Credibility & Breaking Myths State of the art EV tech brand Ziptron launch 1st Electric 4 W to travel from Manali to Khardungla (Leh) An imme
Slide 9: Ecosystem Approach has enabled synchronized action among various companies
Ecosystem Approach has enabled synchronized action among various companies to overcome the real barriers to adoption > Charging Solutions > Cell development and local mfg. Tata Group firms being leveraged > Designing Innovative financing for EV business > ADAS | Connected Car Technology solutions >
Slide 10: EV industry has witnessed significant growth with consumer base shifting to early majority
Thus, EV industry has witnessed a significant growth with consumer base shifting from early adaptors to early majority EV Industry Growth Demand Scenario and buyer profile ( Tata EVs) 8% 20% 28% 38% 75% 80% 16000 71% 64% 37% 70% 14000 Only car 60% Q4 FY21 Primary car Q2 FY22 12000 47% Demand 50% Sec
Slide 11: What will support the future growth?
What will support the future growth? © Copyright, Confidential, Tata Motors Limited c Copyright, Confidential, Tata Motors Limited 10
Slide 12: Going forward, state specific EV policies will drive EV adoption
Going forward, state specific EV policies will drive EV adoption Policy Release Status Demand Road tax Charger State subsidy exemption subsidy Jammu and Kashmir Delhi Maharashtra Himachal Pradesh Punjab Gujarat X Uttarakhand Haryana Arunachal Andhra Pradesh X X Delhi Pradesh Sikkim
Slide 13: Increase in the regulation of CO2
Stringent emission roadmap will force OEMs to have EVs in their portfolio Corridor for potential CO2 regulation Required powertrain portfolio Year 2015 2020 2025 2030 180 Increase in the regulation of CO2 172 166 Regulation “World of today” 150 144 corridor 135 Less than 10% EVs required 130 121 113
Slide 14: Customers will get range of options as OEMs gear up to introduce long range EVs
Customers will get range of options as OEMs gear up to introduce long range EVs to meet stringent regulations and to support Government's vision Upcoming EV models Average on board energy 26 24 18 40 30 10 16 FY21 FY22 FY23 FY24 FY18-20 FY20-22 FY22-24 © Copyright, Confidential, Tata Motors Limited
Slide 15: Interest from public and private players will proliferate charging infrastructure
Interest from public and private players across the value chain will proliferate charging infrastructure Value Chain Outlook : Public Fast Chargers HW equipment provider Infrastructure Hyderabad OEM owner Metro Dealerships Charging station operator ~1000 CY21 CY24 CY26 Charging network provider © Co
Slide 16: Localization of battery will help optimize cost
Localization of battery will help optimize cost Key highlights of ACC PLI scheme Estimates for cell manufacturing cost [USD/ Kwh] ~10-15% lower vis-a-vis UK & USA • Production linked incentive scheme to establish battery manufacturing in India • 18000 Cr. outlay planed • 50GWh of capacity to be esta
Slide 17: TCO parity against ICEs will drive consumer adoption
TCO parity against ICEs will drive consumer adoption Total Cost of Ownership B2B1 ( with FAME subsidy) Total Cost of Ownership B2C2 EVs vs Diesel EVs vs Diesel EVs vs CNG EVs vs Petrol Value in ₹ lakh Value in ₹ lakh ₹ 1.0 ₹ 1.1 ₹ 0.6 ₹ 0.1 -₹ 1.0 -₹ 0.2 -₹ 0.6 -₹ 1.4 -₹ 6.1 -₹ 2.1 -₹ 7.1 -₹ 8.4 FY2
Slide 18: EV penetration in India well poised for sharp growth; Tata Motors plans 20% penetration in 5 years
EV penetration in India is well poised to witness sharp penetration and Tata Motors will plan for 20% penetration in 5 years • Expand portfolio of offering India specific products with different body styles and Product driving ranges ( 10 EVs by FY26) • Transition to Modular Multi-energy platform fr
Slide 19: Thank You!
Thank You! © Copyright, Confidential, Tata Motors Limited c Copyright, Confidential, Tata Motors Limited 18