WebinarsNew
Deep DiveNew
Explore Business Standard
With India's electric vehicle adoption crossing the 'early adopters' phase, Tata Motors Passenger Vehicles is turning to majority of customers to drive EV adoption with four new products and over ten refreshes lined up for launch by FY31 to sustain its leadership position. Early Adopters are those consumers who adopt a new idea or technology to gain a competitive edge. The company is preparing for the next phase of growth in its electric vehicles segment, eyeing over 30 per cent EV penetration by FY31, according to an investor presentation. "Currently, EVs are being considered by the early majority; we will enhance products to drive adoption among early and late majority customers," the company said. Early majority consumers are those who need to see successful case studies before buying, while late majority consumers are skeptical individuals who adopt only after the average person has adopted a new idea or technology. EV adoption in India has crossed "from early adopters into th
Domestic automakers Maruti Suzuki, Mahindra & Mahindra and Tata Motors Passenger Vehicles are looking to tap opportunities in the electric car segment in the UK, as India's free trade pact with the country will allow duty-free exports for specified price segments under a quota system. As per the India-UK CETA document, released last week, India will get access to the UK's electric, hybrid/hydrogen passenger cars segment, with duty-free exports to that country from the sixth year in the price segment ranging from under GBP 20,000 to 80,000, with the total quota reaching a peak of 88,000 units from the 15th year and continuing in the subsequent years. The free trade agreement (FTA) between the two countries, which is expected to help double two-way commerce to USD 100 billion by 2030, will come into force on July 15. "The India-UK FTA is a positive development that could create new opportunities for India-manufactured electric vehicles," M&M Ltd President, Automotive Business, ..
Tata Motors Passenger Vehicles Ltd on Friday said it will increase prices of its passenger vehicle portfolio, including both internal combustion engine (ICE) and electric vehicles (EV), by up to 1.5 per cent from July 1. "This price revision is being undertaken to partially offset the impact of rising input costs and sustained inflationary pressures," the company said in a regulatory filing. While Tata Motors Passenger Vehicles continues to absorb a significant portion of these increases, a part of the impact is being passed on to customers through this adjustment, the company stated. "The extent of the price increase will vary across models and variants, ensuring that the overall value proposition of each offering is maintained," it added.
Domestic passenger vehicle dispatches from companies to dealers rose 25.4 per cent year-on-year to 4,37,312 units in April this year, industry body SIAM said on Thursday. Passenger vehicle dispatches stood at 3,48,847 units in April 2025, SIAM said in a statement. Total two-wheeler sales rose 28.4 per cent to 18,72,691 units last month as against 14,58,784 units in April last year, it added. Three-wheeler dispatches to dealers were up 32.8 per cent last month at 65,668 units as against 49,441 units in the year-ago period, it added.
Total automobile retail sales in India grew by 12.94 per cent with a record 26,11,317 units in April as compared to 23,12,221 units in the same month last year, making a bright start to the new fiscal, Federation of Automobile Dealers Associations said on Tuesday. Sustained tailwinds from GST 2.0 affordability gains, RBI's supportive rate stance, healthy rural cash flows post a strong rabi cycle and an extended marriage season helped the industry post a robust performance, Federation of Automobile Dealers Associations (FADA) said in a statement. Passenger vehicles (PV) retail sales were at a record 4,07,355 units last month as compared to 3,63,028 units in April 2025, a growth of 12.21 per cent, it added. Two-wheelers also clocked best-ever monthly numbers at 19,16,258 units in April this year as compared to 16,95,638 units in the same month a year ago, at a growth of 13.01 per cent, it added. FADA further said three-wheeler sales stood at 1,06,908 units last month as compared to .
Tata Motors Passenger Vehicles Ltd on Friday reported a 31.12 per cent increase in total sales at 59,701 units in April 2026 as compared to 45,532 units in the same month last year. Passenger vehicle sales in the domestic market stood at 59,000 units last month as against 45,199 units in the year-ago period, a growth of 30.5 per cent, Tata Motors Passenger Vehicles Ltd said in a regulatory filing. Sales on passenger vehicles in the international market were at 701 units as compared to 333 units in April 2025, a jump of 110.5 per cent, it added. Combined electric vehicle sales in the international and domestic market stood at 9,150 units as compared to 5,318 units in the same month last year, a growth of 72.1 per cent, the company said.