Tata Motors Ltd expects demand for its electric commercial vehicles (CVs) to remain strong and continue to grow with a strong order book in place across segments, according to its Managing Director and CEO Girish Wagh.
The company also expects supply chain bottleneck regarding cells imported from China that has impacted its Intra EV, to be resolved completely by the end of the ongoing quarter, he told analysts.
“On EVs, the demand outlook is quite positive,” he said.
In the first quarter of the fiscal year, on the electric commercial vehicles front, Tata Motors had over 3,400 vehicle orders across segments, building on the momentum it saw in the second half of last year.
In addition to that, Wagh said, “As a part of PM-eBus Sewa, there are a few more newer tenders which are also on the way. We are quite positive on that.”
He pointed out that the electric small commercial vehicles (SCV) pickup, which is completely in the retail market, is doing very well.
“The TCO (total cost of .
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