Tata Motors: Sub-₹12 lakh EV bookings up 2-2.5x, supply now the bottleneck
MD Shailesh Chandra says next-gen Tiago and Tiago EV launches are riding a demand surge in the entry EV segment, with bookings up 2-2.5x on fuel-price anxiety. EV penetration in the segment is 5.5%, hybrid 2.5%; running cost gap (₹2.3-2.4/km vs ₹10/km ICE) is driving ₹1.4-1.5 lakh annual savings narrative. FFV variant flagged for early 2027.
Tata Motors launches next-gen Tiago and Tiago EV, with MD Shailesh Chandra saying EV bookings have jumped 2-2.5x amid fuel price uncertainty. Sub-₹12 lakh EV segment is exploding; supply, not demand, is the constraint.