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Tata Motors holds over 3,400 electric CV orders in Q1
The Hindu BusinessLine··30 Aug
Tata Motors MD Girish Wagh said demand for electric commercial vehicles remains strong. The company held over 3,400 EV orders across segments in the first quarter. He told analysts a China cell supply bottleneck that hit Intra EV is set to clear by quarter end. Electric SCV volumes rose more than four-fold to around 3,200 units in Q1 FY27.
Prism
What It Means For You
- Operators waiting on Intra EV deliveries were told the China cell bottleneck may ease this quarter.
- City bus agencies under PM-eBus Sewa were told fresh tenders are on the way.
- Retail SCV buyers heard Wagh cite total cost parity for Intra and Ace Pro versus diesel models.
What's Happening
- Wagh said in-house plant capacity is not the constraint; cell imports from China are.
- Higher cell orders were placed about two months ago to clear the backlog.
- Electric pickup demand in the retail market remains strong, he said.
What Fleet Buyers Hear Next
- First-quarter momentum follows a stronger second half last year for Tata's electric CV book.
- Wagh said total cost of ownership for Intra and Ace Pro now looks attractive versus ICE models.
- BusinessLine carried the remarks on August 30 after the analyst briefing.
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