Tata Motors Urges Government for EV Incentives in Budget 2026

• Tata Motors has requested government incentives in Budget 2026 to boost entry-level Electric Vehicle (EV) sales.
• The company also seeks support for electric cars used in fleet operations under the PM E-DRIVE scheme, which currently excludes them.
• Shailesh Chandra, MD and CEO of Tata Motors Passenger Vehicles, highlighted that the affordable EV segment faces pressure despite overall PV market recovery.
• He noted that fleet EVs, though 7% of sales, account for 33-35% of passenger kilometers, offering significant environmental benefits.
• Rising commodity prices and forex pressures have impacted Tata Motors' margins, potentially leading to future price hikes.

Why It Matters: Tata Motors is pushing for government incentives for entry-level EVs and fleet electric cars in Budget 2026.