Tata Motors Slashes EV Prices Upto ₹1.2 lakh! Explore Now

Written By  Aquib Nawab

Credits: CarToq

Tata Motors

Tata Motors has announced a significant reduction in prices for two of its leading electric vehicle models, the Nexon and Tiago EVs, by up to ₹1,20,000. This strategic initiative follows a minor decline in the cost of battery cells, integral to electric vehicle production.

Credits: CarToq

Price Reduction Details

The Tata Tiago EV, now available at a starting price of ₹7.99 lakh, showcases a substantial price drop. Similarly, the Nexon EV's starting price is now ₹14.49 lakh, with the long-range variant starting at ₹16.99 lakh. These new prices signify a notable reduction from their previous levels.

Credits: CarToq

Statement from Tata Passenger Electric Mobility Ltd (TPEM)

Vivek Srivatsa, Chief Commercial Officer of Tata Passenger Electric Mobility Ltd (TPEM), highlighted that declining battery cell prices led Tata Motors to reduce EV prices, aiming to make electric vehicles more affordable and accessible to the masses.

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Mission and Vision

Tata Motors prioritizes expanding electric mobility in India through its diverse EV lineup, catering to varied consumer preferences. Reduced prices for the Nexon and Tiago EVs enhance their appeal, attracting a broader customer base.

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Tata Tiago EV Overview

Launched in October 2022 at an introductory price of ₹8.49 lakh (ex-showroom), the Tata Tiago EV offers two distinct battery pack options. The first features a 24 kWh battery pack, providing an MIDC range of 315 km. Alternatively, there is a 19.2 kWh battery pack option, offering a range of 250 km.

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Tata Nexon EV Overview

The Tata Nexon EV, available at a starting price, also offers a long-range variant to suit different needs. Featuring advanced specifications and features, the Nexon EV has solidified its position as a competitive player in the EV market.

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Market Impact

The reduction in prices is poised to have a significant impact on the electric vehicle market. By enhancing affordability, Tata Motors gains a competitive advantage, potentially attracting a larger customer base and bolstering its market share.

Credits: CarToq

Consumer Benefits

Consumers stand to benefit from the cost savings and enhanced value proposition offered by Tata's EV lineup. Moreover, transitioning to electric vehicles contributes to environmental sustainability, aligning with the global shift towards greener transportation solutions.

Credits: Tata Motors

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