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New Delhi. The electric vehicle branch of Tata Motors has reduced the prices of two models Nexon.EV and Tiago.EV by up to Rs 1.20 lakh after the reduction in battery cost. According to the company, Nexon. The price of the EV has been reduced by up to Rs 1.2 lakh and now its price starts at Rs 14.49 lakh. The prices of Tiago EV have been reduced by up to Rs 70,000. Now the price of its base model now starts from Rs 7.99 lakh.
“Battery cost is a major part of the total cost of an EV,” said Vivek Srivatsa, chief commercial officer, Tata Passenger Electric Mobility (TPEM). “Battery cell prices have softened recently and There is a possibility of further reduction in this in the near future. Therefore, we have chosen to pass on the benefits from this directly to the customers.
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What are the prices after deduction?
According to the company, Nexon. The price of EV has been reduced by Rs 1,20,000, so now the price of its base model starts from Rs 14.49 lakh. Right there, Tiago. The prices of the EV have been reduced by up to Rs 70,000, now the price of its base model now starts at Rs 7.99 lakh. To know the new prices, check the official website of the company. The company said the passenger vehicle (PV) industry is expected to grow by 8 percent in 2023, while only the EV segment has recorded a growth of more than 90 percent.
Tata Tiago EV was launched in October 2022 at a starting price of ₹8.49 lakh (ex-showroom). Tata Tiago EV has two battery pack options. The first option packs a 24 kWh battery pack with a MIDC range of 315 km. Whereas, the second option comes with a 19.2 kWh battery pack which is said to give a range of 250 kilometers.
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Tag: business news in hindi, car, electric vehicles, Bye, Tata Motors
first published : February 13, 2024, 14:42 IST
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