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With automobile giants Tata Motors and MG cutting prices across their EV lineups, electric car prices have become at par with petrol and diesel variants.
Tata Motors on Tuesday announced that it has reduced the prices of its electric cars 1.20 lakh. Nexon.ev price now reduced 14.50 lakh. According to the carmaker’s website, the starting price of Nexon EV was fixed at 14.70 lakh.
Launched in 2020, the Nexon.ev was the cheapest electric SUV in India until the launch of Tata’s Punch EV. 12 lakh in 2024.
The starting price of Nexon petrol variant is Whereas the starting price of diesel version is Rs 8.14 lakh. 11,09,990.
Also read: Tata Motors Q3 profit more than doubles due to Jaguar Land Rover sales
On the other hand, Tata has also cut the price of small EV Tiago 70,000. The base version is now priced at just 7.99 lakh.
“Considering the recent softening in battery cell prices and their potential shortage in the near future, we have actively sought to pass the resulting benefits directly to customers,” Tata Passenger Electric Mobility chief commercial officer Vivek Srivatsa told Reuters. Has opted for.” ,
Currently, electric variants account for just 2% of car sales in India as buyers are concerned about high upfront costs despite low operating costs and range concerns persist.
On the other hand, MG Motor India reduced the prices of its small electric car MG Comet EV from 99,000 1.40 lakh, Mint reported. MG’s three options Pace, Play and Plush now come with revised prices 6.99 lakh, 7.88 lakh, and 8.58 lakh (ex-showroom) respectively, the report said.
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