#electricvehiclesev

Exide Shares Rise 19% After Major EV Agreement with Hyundai and Kia

The Indian electric vehicle (EV) market is experiencing a surge in demand, with new models enticing eco-conscious consumers. However, this growing popularity translates to waiting times for eager buyers. This article delves into the current scenario for affordable EVs (under Rs. 15 lakh) in India, focusing on the waiting periods for the MG Comet EV and Tata's electric vehicle range (Tiago EV, Tigor EV, and Punch EV). MG Comet Races Ahead with Shorter Waits MG Motor India entered the fray with the much-awaited Comet EV, the most affordable electric car on this list. Launched in March 2024, the Comet EV boasts a contemporary design and impressive features, making it a compelling choice for city commutes. Here's the good news for potential Comet EV buyers: Waiting Times for Affordable EVs in India Nationally Shorter Waiting Periods: Compared to Tata's offerings, the MG Comet EV generally enjoys shorter waiting times across major Indian cities. On average, you can expect to receive your Comet EV within 1.5 months of booking. Immediate Availability in Select Cities: Residents of New Delhi, Jaipur, and Ahmedabad are in luck! The MG Comet EV is readily available for delivery in these cities, eliminating the wait. The Tata Lineup: Widespread Appeal, Extended Waits Tata Motors, a pioneer in the Indian EV segment, offers a range of electric vehicles catering to diverse needs. However, the current demand for Tata EVs translates to longer waiting times compared to the MG Comet EV. Here's a city-by-city breakdown of Tata's electric hatchbacks and the new Punch EV: Tata Tiago EV - A Popular Choice, But Patience Required The Tata Tiago EV, a well-established player in the market, enjoys considerable popularity. This high demand translates to waiting times: Average Wait Time: 2 Months Across most major cities, expect to wait approximately 2 months for your Tata Tiago EV after booking. Longer Waits in Key Cities: Be prepared for slightly longer waiting periods (over 2 months) in cities like New Delhi and Hyderabad. Tata Tigor EV - Stylish Option with Moderate Waiting Times The Tata Tigor EV offers a stylish alternative to the Tiago EV. Here's what to expect in terms of waiting times: Average Wait Time: 2.5 Months The average waiting period for the Tigor EV stands at 2.5 months in April 2024. Extended Waits in Some Cities: Cities like Bengaluru, Jaipur, Gurugram, Lucknow, and Surat might have waiting periods extending up to 3 months for the Tigor EV. Faster Deliveries in Mumbai and Ahmedabad: Residents of Mumbai and Ahmedabad might get their Tigor EV delivered in less than 2 months. Tata Punch EV - The Newcomer Faces Demand Tata's newest offering, the Punch EV, launched in January 2024, has quickly garnered interest. However, this translates to waiting times: Average Wait Time: Over 2 Months Similar to the Tigor EV, the Punch EV also faces an average waiting period exceeding 2 months in April 2024. Longer Waits in Southern City: Residents of Bengaluru might have to wait for up to 3 months to get their hands on the Punch EV. Factors Influencing Waiting Times Several factors contribute to the varying waiting times for EVs across brands and models: Production Capacity: Manufacturer production capacity plays a crucial role. High demand coupled with limited production capacity can lead to extended waiting periods. Battery Availability: The availability of batteries, a critical component in EVs, can also impact production timelines. City-Specific Demand: Demand for EVs can vary significantly across cities. Higher demand in certain regions translates to longer waits in those areas. FAQs Q: Why are waiting periods longer for certain EV models? A: Waiting periods are influenced by factors such as production capacity, demand-supply dynamics, and logistical constraints. Higher demand for specific models can result in longer wait times. Q: Can customers expedite the delivery process? A: While customers cannot directly expedite the delivery process, staying in touch with dealerships for updates and exploring alternative models with shorter waiting periods can help mitigate delays. Q: Are there any incentives for booking EVs during high-demand periods? A: Some manufacturers may offer incentives such as priority delivery or special discounts for customers booking EVs during high-demand periods.

Hyundai & Kia Partner with Exide for Local Batteries