Tata Motors Seeks Budget Incentives for Entry-Level EVs

Tata Motors has sought targeted incentives for entry-level electric vehicles (EVs) and additional support for electric cars used in the fleet segment under the PM E-DRIVE scheme in the upcoming Union Budget.

In an interaction with PTI, Tata Motors Passenger Vehicles Managing Director and CEO Shailesh Chandra said that while recent government interventions—such as GST reforms, repo rate reduction and changes in the tax regime—have helped revive demand in the passenger vehicle (PV) industry, the entry-level EV segment continues to face pressure.

“I would like to really appreciate the government for reviving the PV industry and the electric vehicle side as well. Two things which can be considered (in the Budget). One, there is a lot of pressure on the entry segment on the EV side and if the government would like to consider some level of incentives,” Chandra said.

He also highlighted the need for continued policy support to accelerate EV adoption, particularly in price-sensitive segments, noting that targeted incentives could help make electric mobility more accessible and sustainable in the long run.