Tata Motors sees EVs hitting 10% of India's car market by FY27, 30%+ by FY31
Tata Motors PV MD Shailesh Chandra projects EV penetration rising from 2.5% in FY25 to ~10% by FY27-end, driven by a structural shift to mainstream buyers. Tata targets 30%+ EV share by FY31, with the Sierra EV as its 5th electric model and Q1 FY27 monthly run-rate near 28,000 units.
Tata Motors PV MD Shailesh Chandra projects EVs will reach ~10% of India's passenger vehicle market by FY27-end, citing a structural shift to mainstream buyers; Tata targets 30%+ EV share by FY31, unveiling Sierra EV.