Tata Motors shares gain 2% as firm secures over 3,400 electric commercial vehicle orders across segments

Tata Motors Ltd shares gained as much as 2% to ₹410.45 apiece on the NSE on Monday, June 22, as the commercial vehicle manufacturing company on Sunday said in its press release that it has secured over 3,400 electric commercial vehicle (eCV) orders across segments, marking a significant inflection point in the mainstream adoption of electric mobility for both freight and passenger transport in India.

The orders comprising around 2,000 SCVs and pick-ups, around 900 trucks, and nearly 500 buses, cut across a diverse range of applications, from e-commerce, logistics, FMCG and FMCD distribution, and intra-city mobility to demanding sectors such as cement, steel, mining, and tarmac operations, alongside inter- and intra-city passenger transport.

"This wideranging deployment underscores growing customer confidence in electric mobility solutions in real-world conditions and strengthens Tata Motors’ leadership in advancing India’s zero-emission commercial mobility agenda. It also signals a decisive shift from pilot programmes to scaled, operational integration of EVs across use cases," the press release added.

Electric mobility in commercial vehicles is shifting from early adoption to large-scale deployment in India, with usage expanding across segments and real-world applications.

Tata Motors, the company said, is leading this transition with the widest portfolio of electric commercial vehicles, supported by an enabling ecosystem that ensures electrification is both practical and profitable.

Beyond vehicles, the company is partnering closely with fleet owners and customers to optimise performance, uptime, charging, and financing across the entire lifecycle.

As adoption of electric commercial vehicles deepens, Tata Motors remains focused on delivering customised, end-to-end solutions that enable customers to transition confidently and seamlessly to zero-emission mobility.

Recent updates

Last week, Tata Motors joined the government's scheme to provide discounts for the replacement of old trucks and buses in Delhi-NCR, an official statement said on Thursday.

The statement said that a Memorandum of Understanding (MoU) under the Government of India's scheme for replacement of old trucks and buses in the Delhi-NCR was signed on Thursday between the Ministry of Road Transport and Highways (MoRTH) and Tata Motors.

Under the agreement, the automaker will provide an 8% discount on the ex-showroom price of eligible trucks and buses purchased under the scheme.

For electric vehicles, the discount shall be equal to the amount applicable to an Internal Combustion Engine (ICE) vehicle of the equivalent Gross Vehicle Weight (GVW) category, it added.

According to the statement, in addition to the 8% discount offered by participating OEMs (original equipment manufacturers), the central government will provide 5% interest subvention and fixed monthly fuel vouchers for a period of five years.

Tata Motors hikes commercial vehicle prices

Tata Motors last week said it will hike prices of commercial vehicles by up to 2.5% across its range from July 1 to partially offset the impact of rising commodity prices and other input costs.

The price increase will vary depending on the model and variant, Tata Motors said in a statement.

The price increase is being undertaken to partially offset the impact of rising commodity prices and other input costs, it added.

Tata Motors PV confident of industry-leading growth

Notwithstanding macroeconomic and geopolitical uncertainties, Tata Motors Passenger Vehicles is confident of delivering industry-leading growth in FY27, supported by a robust pipeline of new launches and multi-powertrain offerings, according to its Chairman, N Chandrasekaran.

Tata Motors Passenger Vehicles (TMPV) and its British arm Jaguar Land Rover (JLR) will continue to collaborate on manufacturing, technology, and people, enhancing scale efficiencies, accelerating learning, and reinforcing capital discipline, Chandrasekaran said in his letter to shareholders in the company's annual report for 2025-26.

Looking ahead, Chandrasekaran said, "We enter FY27 with confidence, supported by a robust pipeline of new launches and multi-powertrain offerings. Our focus will remain on delivering industry-leading growth, deepening our commitment to safety, sustainability, quality, and customer delight, while becoming resilient and staying agile amid macroeconomic and geopolitical uncertainties."

On synergies among group firms, Chandrasekaran said TMPV and JLR "will continue to collaborate on manufacturing, technology, and people, enhancing scale efficiencies, accelerating learning, and reinforcing capital discipline".

Early progress is evident with the commencement of operations at the new Panapakkam facility in Tamil Nadu, which creates a shared manufacturing facility for best-practice execution and scale benefits, Chandrasekaran noted.

The company will continue to focus on building distinctive, trusted, and aspirational brands that connect meaningfully with customers, Chandrasekaran added.