Tata Motors introduced Racemo at the 2017 Genenva Motor Show and was based on the new platform MOFlex Multi-Material Sandwich (MMS). The MoFlex structure will also underpin an upcoming hatchback and SUV. According to an Autocar report, Tata Motors will introduce an all-new hatchback based on the MoFlex structure and will be sold under TAMO brand. It is expected that the new hatchback will get an electric powertrain and will get a shorter wheelbase too.
It is expected that Tata Motors might introduce a car similar to the Nano with electric power train, which was earlier showcased at the 2010 Geneva Motor Show. The car will be powered by a lithium ion battery pack to offer sufficient range for urban usage. While the company hasn't made any official comment, we expect the new electric car to be priced at around Rs 5 to Rs 6 lakh and when launched, it will compete with the likes of Mahindra e2o Plus.
In 2015, the Government of India launched the FAME India Scheme to promote Eco-friendly vehicles. FAME India is part of the National Electric Mobility Mission Plan (NEMMP). The scheme will support the hybrid and electric vehicles development too. The scheme is proposed to be implemented over a period of 6 years till 2020. With rising demand for incentives on electric vehicle sales, Tata's new car might get some price relaxations, resulting in a competitive price-tag. The car is expected to be launched around the end of 2018 in India. The company might also look at exporting this car to other markets at a later stage.