Harrier EV demand is nearly double current production capacity as Tata Motors targets monthly output of 70,000 vehicles with expanded manufacturing and supplier ramp-up
The West Asia war has played a key role in the faster acceptance of electric mobility in India, shifting the market from 'a push mode to a pull mode', Tata Motors Passenger Vehicle Ltd Managing Director & CEO Shailesh Chandra said on Tuesday. The company, which launched the electric version of its popular SUV Sierra at an introductory price ranging between Rs 18.79 and Rs 24.79 lakh, expects industry EV penetration in the passenger vehicle segment to be 7-8 per cent this fiscal and cross 10 per cent in FY28, he told reporters here in an interaction. While the entry of multiple players in the EV segment and the breaking of barriers across subsegments such as pricing, range anxiety, and charging infrastructure have helped EV growth, the West Asia war has also played a significant role, he added. "Around the Middle East crisis, there has been a faster acceptance. I would say, if the same customers were reluctant before, say, February 2026, they are now more amenable to considering an
Chairman N Chandrasekaran says the combined Tata Motors-Iveco business could lift annual revenue to $35-40 billion in five years, boosting global scale and technology
Commercial vehicle maker Tata Motors has secured the majority of regulatory approvals for the Iveco acquisition, and the transaction is expected to be completed by the second quarter of this fiscal, Chairman N Chandrasekaran said on Monday. Addressing shareholders at the company's second Annual General Meeting here, he said the deal is a significant strategic step in advancing Tata Motors' global ambition. In July 2025, Tata Motors announced the acquisition of Italian commercial vehicle maker Iveco Group, excluding its defence business, for euro 3.8 billion. "A transaction of this scale, spanning multiple geographies, requires a series of mandatory regulatory approvals," Chandrasekaran said at the AGM. Tata Motors has secured the majority of these approvals and is progressing well on the remaining few, he said, adding that "We look forward to completing the transaction by Q2 FY27." Chandrasekaran said the Iveco acquisition will enable the company to access advanced powertrain and
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
Commercial vehicle wholesales rose 13.5 per cent in May, supported by GST cuts and a favourable base, but ICRA expects growth to moderate to 4-6 per cent in FY27
Tata Motors says commercial vehicle electrification is nearing a tipping point, driven by improving economics, localisation and policy support
Tata Motors to begin pilot trials of trucks running on 2% isobutanol-blended diesel next quarter as India explores alternative fuels to cut oil imports
While Tata Motors Commercial Vehicles is targeting higher market share and double-digit margins, concerns over Iveco integration and input costs may limit near-term upside
The implications of West Asia war, specially diesel price hike, will have a short-term impact on domestic commercial vehicle demand, which is expected to grow in single digit this fiscal but India's macro-economic growth will help overcome it in the long term, Tata Motors Ltd MD & CEO Girish Wagh said on Thursday. Terming fuel price hikes and increase in cost of commodities as "cyclical headwinds", he said those will lead to some changes in the quarterly and annual demand but in the long term "India growth story will lead to increase in road freight, and therefore the commercial vehicle demand". "We do have short-term headwinds. The Middle East crisis, the resultant increase in oil prices, and the final resultant but reduced intensity increase in diesel prices -- it is a headwind," Wagh told reporters in an interaction. Noting that commodity cost increase is also a headwind, he said adding "but we believe that these are more cyclical headwinds". Presenting a bullish long term ...
Key trigger: Brent Crude prices have declined to $73/barrel, to almost its lowest since start of the US Iran war on February 28, 2026.
While management has guided for high single-digit industry growth in FY27, JM Financial continues to factor in volume growth of 5.5 per cent and 7.9 per cent for FY27E and FY28E, respectively
Digital platforms, international operations and mobility services are emerging as key growth drivers as Tata Motors Commercial Vehicles seeks to reduce cyclicality
The automaker said a "significant" share of its over 600,000 incremental volumes by FY31 will be driven by electric and CNG vehicles
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Commercial vehicle major Tata Motors on Sunday said it has secured orders for over 3,400 electric commercial vehicles (eCV) across freight, logistics and passenger mobility segments. The orders comprising around 2,000 small commercial vehicles and pick-ups, 900 trucks, and 500 buses, cut across a diverse range of applications from e-commerce, logistics, FMCG and FMCD distribution, and intra-city mobility to demanding sectors like cement, steel, mining, and tarmac operations, alongside inter- and intra-city passenger transport. This wide-ranging deployment reflects growing customer confidence in electric mobility solutions in real-world conditions and signals a decisive shift from pilot programmes to scaled, operational integration of EVs across use cases, Tata Motors said. The company said over the past 12 months, it has significantly strengthened its electric commercial vehicle portfolio, introducing a new generation of eCVs tailored to varied duty cycles and operating conditions.
JLR's weaker-than-expected FY27 guidance on revenue, margins and free cash flow is likely to weigh on Tata Motors Passenger Vehicles despite a strong domestic outlook
Automaker to offer 8% discount on eligible vehicles; Centre will provide interest subvention and fuel vouchers
Tata Motors will raise commercial vehicle prices by up to 2.5% from July 1 and has joined the government's truck and bus replacement scheme
Tata Motors on Thursday said it will hike prices of commercial vehicles by up to 2.5 per cent across its range from July 1 to partially offset the impact of rising commodity prices and other input costs. The price increase will vary depending on the model and variant, Tata Motors said in a statement. The price increase is being undertaken to partially offset the impact of rising commodity prices and other input costs, it added.