In an interview with CNBC-TV18, market expert Prakash Diwan and SP Tulsian of sptulsian.com give their outlook for Tata Motors.
Tulsian is of the view that India is unlikely to see a significant presence of electric vehicles even by 2025. He does not expect Tata Motors to take a lead in the category.
"To gain market share in EV, there will be need for huge capex, which will not be easy for a loss-making company," he said.
According to Tulsian, the stock could see fresh lows of Rs 100-120 post Q4.
Meanwhile, Diwan said, “If one were to look at an allocation to Indian EV adaptation market potential, Tata motors is a dark horse there because they already got tried and tested models, which are affordable for people in UK and Europe which I-Pace is representing.”
"In India adaptation of EV would be more towards the commercial side and they have done a lot of pilots so could ramp that up pretty quickly than other players," added Diwan.