New Delhi: Tata Motors Electric vehicles are witnessing a surge in demand as rising fuel prices and inflation concerns drive more consumers towards low-cost mobility options, especially in the affordable passenger vehicle segment.“There has been a sharp jump in just two months; it is about 2 to 2.5 times for EVs,” said Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles. He said that now more and more families want at least one electric car. He said the growth in demand for EVs has accelerated in recent weeks as customers are rethinking ownership costs.The company currently produces around 10,000 EVs per month and plans to increase the capacity to 15,000 units monthly in the next three to four months. Chandra said demand is already outpacing production capacity, with bookings rising in the last two months.“The demand currently exceeds our capacity,” he said ahead of the launch of the next-generation Tiago and Tiago EV. Tata Motors launches the refreshed Tiago range at starting prices of less than Rs 4.5 lakh for the petrol variant, less than Rs 5.8 lakh for the CNG variant and around Rs 6.7 lakh for the Tiago EV.Tata Motors expects EVs to contribute around 16% to its passenger vehicle sales mix in the near term, while CNG vehicles are estimated to contribute 25-27%. EV and CNG models together could form about 42-43% of the company’s portfolio.The number of diesel vehicles is expected to be around 11-13%, with the remaining share being made up of petrol vehicles. Chandra said EV bookings have grown to around 23% of total bookings in the month of May, with this growth now being driven by genuine customer demand rather than temporary supply-side factors.