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TaMo confident of EV leadership
Mint New Delhi
|February 14, 2025
Tata Motors will maintain its leadership in the electric cars segment of India's automobile market, and is not perturbed by launches by other carmakers, managing director Shailesh Chandra said on Thursday.
His comments come on the back of the automaker's faltering market share in the electric vehicle (EV) space and competition heating up.
"Now you're seeing so many cars getting launched in a market of 10,000 cars (sold) in a month simultaneously," Chandra said. "When a new car gets launched, initial demand spurts two to three times that of steady-state demand. So there's a lot of noise right now," he said, adding that one must wait and watch what happens when the demand stabilises.
This story is from the February 14, 2025 edition of Mint New Delhi.
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