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EV and CNG car waits stretch to 3-4 months
The Hindu BusinessLine··29 Aug
High-demand electric car waits in India have risen to three to four months, YES Securities said. That compares with one month five months ago. TVS iQube waits are four to five months. Dealers hold about four weeks of car stock but lack variants buyers want. Electric and CNG passenger bookings have risen more than 30 percent before the festival season.
Prism
What It Means For You
- Buyers ordering popular EV variants before festivals may wait into a three-to-four-month delivery window.
- Tiago EV Smart 19, Pure+ 19 and Punch EV Smart 30 show indicative waits of 18-24 weeks.
- Some models are faster: Curvv EV can arrive in one to two weeks and Nexon EV in three to four weeks.
What's Happening
- Maruti Suzuki's new Brezza averages about two months, with turbo-petrol and CNG versions over 70 percent of bookings.
- Onam sales in Kerala grew more than 20 percent year-on-year ahead of later festive peaks.
- Electric two-wheeler demand is growing 30-40 percent versus 10-12 percent enquiry growth for the broader two-wheeler market.
Where the Queues Differ Most
- Mahindra XEV 9S and XEV 9e waits are around 16-20 weeks, while Maruti e Vitara is about eight to 12 weeks.
- YES Securities linked the surge to new launches and negativity around E20 fuel.
- Tata's roughly 15-year battery warranty on key models, up from eight years, is cited as widening EV demand.
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