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The company also said that it is aspiring to achieve one-lakh unit sales in EVs in the current fiscal.
Earlier, Tata Motors launched its maiden mid-sized electric SUV, Curvv.ev, at a starting price of Rs 17.49-lakh.
EV accounts for 12 per cent of the company’s overall sales.
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The good thing is that inquiries and bookings are holding well, he said.
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There was a very high base effect of the first quarter also, he said and added that “therefore there’s a larger industry trend also impacting ( the sales) but primarily EV has come down because of the fleet segment.
“So, I don’t see an issue from a mid-to- long term as far as EVs are concerned,” Chandra said.
He said that the barriers which existed two years back, when the EVs were growing at 100-200 per cent, were much higher as compared to now from a charging, price or range anxiety perspective.