EV dealer stocks crash to single digits as ICE inventory piles up; Tata, MG ride booking surge

FADA data shows EV PV penetration jumping to 6.63% from 4.51% and E2W to 9.25% from 6.11%, draining dealer inventory to single-digit days with waiting periods returning. CNG PV hits 23.34% as petrol/diesel stocks bloat. Cell and rare-earth magnet localisation — backed by a ₹7,280 cr scheme — remains the supply bottleneck.

— Source publishedMon, 8 Jun, 2026, 16:40 IST·First seen Mon, 8 Jun, 2026, 16:48 IST·Source BL · Consumer & Economy

What happened

Tata Passenger Electric Mobility · EV inventories at Indian dealerships have fallen to single-digit days with waiting periods looming, while petrol/diesel

Key facts

  • EV PV penetration 6.63% vs 4.51%
  • E2W penetration 9.25% vs 6.11%
  • CNG PV 23.34% vs 19.93%
  • Rural PV growth 30.35% YoY
  • ₹7,280 crore rare-earth magnet scheme

Why this matters

Scout bolt-on targets in cell manufacturing and rare-earth magnet processing where the localisation scheme creates near-term scarcity rents and strategic supply leverage.

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