TL;DR
Tata Motors has tripled its EV bookings in the last six months and is gaining market share, driven by favorable GST policies and new model introductions despite production limitations.
Tata Motors Passenger Vehicles Ltd. is significantly gaining market share in India's electric vehicle segment, experiencing a three-fold increase in EV bookings over the last six months. This surge comes despite production capacity constraints limiting the company's ability to fully capitalize on the robust demand, according to Vivek Srivatsa, Chief Commercial Officer of Tata Passenger Electric Mobility Ltd. He noted that Tata Motors has been consistently gaining market share monthly, further widening the gap between itself and its closest competitor.
The demand momentum has persisted nearly a year after the government's GST 2.0 reforms, which became effective on September 22, 2025. Under the revised GST structure, electric vehicles continue to attract a 5 percent GST, supporting their affordability. Srivatsa also emphasized that the impact of GST rationalization, coupled with new model launches, continues to expand consumer choice and drive strong adoption in the electric vehicle market.
