Tata Motors EV bookings jump 2-2.5x as fuel prices push buyers to electric
Tata Motors flags a 2-2.5x surge in EV bookings, with May EV mix hitting 23% of total sales. Capacity to scale from 10,000 to 15,000 units monthly. Refreshed Tiago lineup launched at Rs 4.5L petrol, Rs 5.8L CNG, Rs 6.7L EV, sharpening the price ladder as CNG mix climbs to 25-27%.
Tata Motors reports EV bookings surging 2-2.5x amid rising fuel costs, with May EV bookings hitting 23% of total. Capacity to scale from 10,000 to 15,000 units monthly. Refreshed Tiago range launched starting Rs 4.5 lakh.
Why this matters
Builds on Tata's 50% capacity hike plans and the Tiago relaunch at Rs 4.69L, reinforcing its affordable EV push as India overtakes the US in EV share of new car sales.
Retail-brand activity steady with 687 signals in the last 90 days.