TL;DR
Tata Motors expects sustained strong demand for its electric commercial vehicles due to a solid order book and attractive TCO, with supply chain issues for battery cells anticipated to be resolved by quarter-end.
Tata Motors Ltd. expects the demand for its electric commercial vehicles (CVs) to remain strong and continue growing, backed by a healthy order book across various segments. According to Managing Director and CEO Girish Wagh, the company is optimistic about the EV demand outlook. Tata Motors also anticipates that supply chain bottlenecks concerning cells imported from China, which have impacted its Intra EV model, will be completely resolved by the end of the current quarter.
In the first quarter of the fiscal year, Tata Motors secured over 3,400 vehicle orders in the electric commercial vehicle sector. Wagh highlighted that new tenders, particularly under the PM-eBus Sewa scheme, are also on the horizon, further contributing to a positive outlook. The electric small commercial vehicles (SCV) pickup, which operates entirely in the retail market, is performing exceptionally well, with its Total Cost of Ownership (TCO) parity becoming very attractive compared to its internal combustion engine counterparts.
