EV dealer stocks crash to single digits as ICE inventory piles up; Tata, MG ride booking surge

FADA data shows EV PV penetration jumping to 6.63% from 4.51% and E2W to 9.25% from 6.11%, draining dealer inventory to single-digit days with waiting periods returning. CNG PV hits 23.34% as petrol/diesel stocks bloat. Cell and rare-earth magnet localisation — backed by a ₹7,280 cr scheme — remains the supply bottleneck.

— Filed Mon, 8 Jun, 2026, 16:49 IST · Source BL · Consumer & Economy · Updated

EV inventories at Indian dealerships have fallen to single-digit days with waiting periods looming, while petrol/diesel vehicle stocks pile up. Tata, MG see surging bookings; supplier-side localisation of cells and rare-earth magnets is the bottleneck.

Also reported by