Maruti slow-pedals EV ramp as CNG bookings surge; Tata, Mahindra sprint ahead in PV electrification

Maruti Suzuki caps EV output at 2,000 units/month till September, deferring scale-up to H2 FY26 as CNG mix climbs to 40% on cheaper running costs. Domestic EV sales tracking 1,400 vs 70,000 FY26 target. Tata PV EVs cross 10,000 (+85%) in May; Mahindra EVs double to ~6,100.

— Filed Mon, 1 Jun, 2026, 19:45 IST · Source Mint · Companies · Updated

Maruti Suzuki defers EV capacity ramp-up beyond 2,000 units/month to H2 FY26, prioritizing CNG vehicles as bookings hit records on cheaper fuel economics, while rivals Tata and Mahindra accelerate EV sales in India's passenger vehicle market.

Why this matters

Despite record 2.43 lakh monthly sales in May (+34.76% YoY) and leading India's retail surge, Maruti's EV strategy lags Tata and Mahindra as it leans on CNG demand instead.

Retail-company signals steady at 1,586 over 90 days, with EV vs CNG mix shifts driving PV strategy splits.

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