TATA Motors EV Production Hike— In view of the ever-increasing demand for electric vehicles (EV) in the Indian automobile market, the country’s largest EV manufacturer Tata Motors has taken a big decision. The company plans to increase its EV production by about 50 percent within the next three to four months. This step by Tata Motors will help in reducing the waiting period of electric vehicles in the domestic market.

TATA Motors EV Production Hike: Big decision of Tata Motors after huge jump in bookings, production of electric vehicles will increase by 50 percent

Target changed after huge increase in bookings: Target of 15,000 units every month

According to the managing director of Tata Passenger Vehicles and Tata Passenger Electric Mobility, the company currently supplies around 10,000 electric vehicles every month. Now to meet the market demand, the target has been set to increase it to about 15,000 units every month. This plan to expand production capacity has been prepared after the huge increase in EV bookings in the last 2 months. The demand for Nexon EV, Punch EV and recently launched models included in Tata’s portfolio has increased rapidly in cities.

Rising crude oil prices and rising running costs became the reason

Changing behavior of customers and global conditions have emerged as the biggest reasons behind this decision to increase production. The ongoing geopolitical conflict in West Asia and the resulting uncertainty over global crude oil prices have forced Indian buyers to think. After the recent changes in the prices of conventional fuels (petrol-diesel) in India, people are now deeply evaluating the long-term running cost of vehicles.

official statement

Impact on general public and what will happen next?

The increase in production by Tata Motors will have a direct impact on the availability of vehicles at showrooms. Currently, Tata’s popular electric cars have a waiting period ranging from a few weeks to months depending on the variant. With this 50% increase in production, customers will be able to get delivery of the vehicle sooner after booking. Additionally, with the increasing coverage of charging infrastructure and extremely low running costs compared to petrol and diesel, the adoption of EVs will further increase in metro cities like Delhi-NCR, Mumbai, Bengaluru and Pune as well as in tier-II cities.