Tata Motors Seeks Budget Relief for Entry-Level EVs Amid Rising Costs

• Tata Motors urges government for targeted incentives for entry-level EVs in the upcoming Union Budget.
• The company also seeks support for electric cars in fleet operations under the PM E-DRIVE scheme.
• MD and CEO Shailesh Chandra notes entry-level EV segment struggles despite overall PV market recovery.
• GST reforms reduced petrol car prices, increasing competitive pressure on affordable electric models.
• Fleet EVs, previously supported by FAME-II, are not covered by PM E-DRIVE, despite their significant environmental impact.

Why It Matters: Tata Motors advocates for government incentives to boost affordable EVs and support fleet electrification.