Tata Motors has announced that four electric SUVs would be available by early 2024. Natarajan Chandrasekaran, chairman of Tata Motors, believes that while there is a significant push towards electric vehicles in the Indian market, the internal combustion engine is not going away anytime soon. On Tuesday, Chandrasekaran addressed the shareholders at the 78th Annual General Meeting.The concentration on multi-purpose has helped Tata Motors increase sales, but the company has no plans to introduce hybrid vehicles, a technology that market leader Maruti Suzuki and alliance partner Toyota are betting on.Tata Motors also announced at the meeting that it will launch as many as four electric SUVs – the Nexon EV facelift, Punch EV, Harrier EV, and Curvv EV – by early next year.Tata Motors also announced at the meeting that it will launch as many as four electric SUVs – the Nexon EV facelift, Punch EV, Harrier EV, and Curvv EV – by early next year.According to Chandrasekaran, by the end of this decade, EV adoption for passenger vehicles will be 50%, implying that internal combustion engines such as petrol, diesel, and compressed natural gas would remain dominant. “At the moment, we have no plans for hybrids.” “We’re focusing on electric vehicles, commercial vehicles, and heavy trucks; we’ll have hydrogen trucks,” he adds.Tata Motors has committed Rs 8,000 crore to its standalone business for the fiscal year 2024, as well as about USD 2 billion (approximately Rs 17,000 crore) to its EV business via its subsidiary, Tata Passenger Electric Mobility. “The Indian market will move towards 10 million units per annum over time,” adds Chandrasekaran, “and Tata Motors is well positioned to capture the growth as well as gain market share.”