Tata Motors, under the leadership of Chairman N. Chandrasekaran, announced an acceleration of its electric vehicle (EV) strategy, with the aim of achieving 30% EV penetration well before 2030. Despite facing increased competition in the market, Tata Motors maintains over 50% of India's EV market share and plans to introduce a series of new EV models to uphold its competitive position. Chairman Chandrasekaran addressed concerns regarding the supply chain, specifically the sourcing of rare earth magnets for EVs amid global trade tensions. He reassured shareholders that Tata Motors is successfully managing these challenges and is collaborating with the government to explore alternative resources. Moreover, Tata Motors is actively participating in the government's EV bus programs and has initiated testing on 12 hydrogen buses and trucks. However, Chandrasekaran highlighted the significant cost challenges associated with hydrogen production and operation, indicating that widespread adoption of hydrogen technology may face hurdles in the near future. In addition to its EV strategy and hydrogen technology exploration, Tata Motors is also navigating potential tariff impacts on JLR due to proposed increases in US tariffs on UK-manufactured vehicles. Chandrasekaran provided insights into the mitigation steps taken by JLR to reduce the impact of these tariffs. Lastly, Chandrasekaran reaffirmed that the demerger of Tata Motors' passenger vehicle and commercial vehicle businesses is progressing as planned, ensuring a focused approach to each segment's operations. The company's commitment to innovation and sustainability in the EV sector, coupled with strategic supply chain management and exploration of hydrogen technology, underscores Tata Motors' dedication to driving the future of mobility.