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Expansion▲ Bullish for Tata Motors PV
One-fourth of cars sold by Tata Motors Passenger Vehicles are now EVs
The brief
- EVs accounted for one-fourth of Tata Motors Passenger Vehicles’ sales
- EV capacity rose from 8,000 units a year ago to over 16,000 currently
- Rising EV sales and capacity matter for Tata Motors and India’s auto sector
- Another price hike inevitable due to higher input costs: Tata Motors PV MD Shailesh Chandra
- Tata Motors PV weighs gradual price hikes as commodity costs threaten margins