Tata Nexon EV demand matches the diesel variant, Co. expects 5% sales to come from EVs

Soaring fuel prices are helping accelerate the shift towards electrification, Tata Motors, India’s largest electric vehicle maker, has started witnessing sales of electric vehicles matching its diesel variant in recent months. From a share of 0.2% of its total sales, Tata Motors NSE 0.56 % has already seen the share of electric vehicles increase to 3% in June-July and given the strong booking traction, Tata Motors expects the 5% of its total sales to come from EVs.