Tata Motors

India EV Share Hits 8% as Tata, Mahindra Take 63% of BEV Sales

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India EV Share Hits 8% as Tata, Mahindra Take 63% of BEV Sales

Frankfurt – November 03, 2026 -- Battery-electric vehicles took more than 8% of Indian passenger car registrations in September 2026, and BEV registrations nearly doubled from a year earlier, according to FADA data cited by consultancy BearingPoint. Tata Motors and Mahindra & Mahindra together captured about 63% of those BEV registrations, narrowing the window for European carmakers to build a position.

The share of electric vehicles in Indian new-car registrations stood at just 4% at the end of 2025, per FADA. It has climbed steadily through 2026 and is approaching the 10% mark.

Urban buyers favor BEVs 39% to 17% over combustion cars

BearingPoint's international e-mobility study shows a gap between purchase intent and market reality. Among urban respondents likely to buy a vehicle within three years, 39% prefer a new BEV and 25% a hybrid or plug-in hybrid. Only 17% want a new petrol or diesel car.

Petrus Advisers Calls Tata Motors' €14.10 Iveco Offer Undervalued

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Petrus Advisers Calls Tata Motors' €14.10 Iveco Offer Undervalued

St. Helier – September 29, 2026 -- Petrus Advisers, which holds roughly 3.8% of Iveco Group N.V. shares, has publicly rejected Tata Motors' all-cash voluntary tender offer of €14.10 per share, arguing the bid fails to reflect fair value for Iveco shareholders.

Petrus says the offer undervalues Iveco against industry peers

In a presentation released today, Petrus Legal Strategies (Jersey) Limited and Petrus Advisers Limited outlined three core objections to the transaction. The investment firm argues the €14.10 price sits below comparable valuations for peer companies in the commercial vehicle sector.