Tata Motors may miss EV target for second year in a row

Tata Motors, India's leading electric vehicle manufacturer, faces a decline in EV sales this fiscal year, falling short of its 100,000-unit target. A market slowdown, withdrawal of government incentives, and increased competition contribute to the slump, marking the first sales drop since Tata Motors entered the EV segment. This setback follows a 48% surge in EV sales the previous year.