Tata Motors Boosts R&D Investment to Rs 29,398 Crore in FY24
Tata Motors Boosts R&D Investment to Rs 29,398 Crore in FY24

Tata Motors Boosts R&D Investment to Rs 29,398 Crore in FY24

July 4, 2024
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Tata Motors has significantly increased its R&D spending to Rs 29,398 crore in FY24, reflecting a strategic focus on developing a future-proof product portfolio. This investment highlights the company’s commitment to advancing technology and innovation, particularly in the energy sector. Tata prioritises expanding its electric vehicle (EV) offerings, flex-fuel powertrains, fuel cell EVs, and hydrogen internal combustion engines (ICE).

Key Areas of R&D Focus

Electric Vehicle Expansion

Tata Motors is heavily investing in expanding its electric vehicle lineup. This includes the development of both passenger and commercial EVs, catering to a wide range of market needs. The focus is enhancing battery technology, extending vehicle range, and improving overall efficiency.

Read More: Tata Motors Eyes on China: set to challenge China’s EV giant BYD and NIO

Flex-fuel powertrains and Hydrogen ICEs

The company is also exploring flex-fuel powertrains and hydrogen ICEs as part of its strategy to offer diverse and sustainable mobility solutions. This involves developing engines that can run on multiple fuel types, reducing dependency on traditional fossil fuels.

Fuel Cell Technology

Significant resources are allocated to fuel cell technology, which promises zero-emission mobility. Tata Motors is developing advanced fuel cell systems and the necessary hydrogen storage and dispensing infrastructure.

Supporting Technologies and Infrastructure

Beyond core vehicle development, Tata Motors’ R&D encompasses several supporting technologies and infrastructure improvements:

Wireless Battery Management and Charging Systems: The company uses wireless battery management systems and high-voltage wireless charging to enhance EV convenience and efficiency.
Advanced Vehicle Control Strategies: Advanced vehicle control strategies are being developed to maximise EV performance.
High-Performance Electric Trucks: Tata targets the international market with high-performance electric trucks.
Battery Electric Vehicles (BEVs): Development spans intermediate, light, medium, and heavy-duty commercial vehicles across various voltage architectures.

Safety and Connectivity Innovations

Safety remains a critical area of R&D for Tata Motors. The company is incorporating advanced driver-assistance systems (ADAS), driver health monitoring systems, and connected vehicle platforms into its vehicles to enhance safety and user experience.

Commitment to Sustainable Mobility

Tata Motors’ annual report emphasises its commitment to sustainable mobility solutions. The company has recently unveiled two state-of-the-art R&D facilities, including an engine test cell for developing hydrogen ICEs and infrastructure for hydrogen storage and dispensing. These facilities underline Tata Motors’ long-term investment in fuel cell technology.

Intellectual Property Achievements

In FY24, Tata Motors’ India business was granted 333 patents and filed 145 design applications. Additionally, Jaguar Land Rover secured 337 patents and 279 design applications, focusing on various alternative fuel technologies, including battery electric, CNG, LNG, hydrogen fuel cell, and hydrogen-based ICE technologies.

Conclusion

The surge in R&D expenditure reflects Tata Motors’ strategic focus on developing a future-proof product portfolio. With significant investments in electric vehicles, fuel cell technology, and supporting infrastructure, Tata Motors is positioning itself as a leader in sustainable mobility solutions. The company’s ongoing R&D efforts and intellectual property achievements highlight its commitment to innovation and sustainability, paving the way for a cleaner and more efficient automotive future.

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