Tata Motors is ramping up its electric vehicle (EV) strategy, targeting a 30% EV penetration rate before 2030. The company, led by Chairman N. Chandrasekaran, remains focused on managing rare earth magnet sourcing for EVs and navigating potential tariff impacts on its luxury subsidiary, Jaguar Land Rover. Despite facing increased competition in the EV market, Tata Motors maintains a strong foothold with over 50% market share in India. The company is on track to separate its passenger and commercial vehicle businesses by the end of the year to enhance operational efficiency. Chandrasekaran reassured stakeholders during the 80th annual general meeting about Tata Motors' commitment to EVs, highlighting the success of models like Nexon EV, Punch EV, Tiago, and Tigor. The chairman also addressed concerns regarding rare earth magnets, indicating no supply chain disruptions and active government collaborations for alternative resources. While acknowledging the surge in competition, Chandrasekaran emphasized Tata Motors' resilience and determination to stay at the forefront of the EV revolution. Moreover, Tata Motors is proactively involved in the government's EV bus initiatives through its dedicated mobility business. The company is exploring hydrogen-powered buses and trucks, albeit Chandrasekaran cautioned about the current high production and operational costs associated with hydrogen technology. The chairman provided insights into tariff mitigation efforts for Jaguar Land Rover, highlighting a significant decrease in potential impact due to the UK-US trade deal. In summary, Tata Motors is pushing forward with its EV agenda amidst challenges, maintaining a positive outlook on the future of sustainable mobility. With a strong market position, strategic demerger plans, and active engagement in cutting-edge technologies like hydrogen, the company is poised to remain a key player in the evolving automotive landscape.