Nexon and Tiago became cheaper, Tata Motors reduced the prices of electric cars by Rs 1.2 lakh

By Sudhakar Yadav February 13, 2024 5:19 PM IST
Tata became cheaper...- India TV Paisa
Photo:FILE Tata’s electric cars become cheaper

Tata Motors Electric Car Price : If you want to buy Tata electric cars, then you have a good opportunity. Tata Motors has reduced the prices of many of its EV models. The prices of these models have fallen by up to Rs 1.2 lakh. With the aim of passing on the benefit of reduction in battery costs to the customers, the company has reduced the prices of these vehicles. Due to this, the price of Tata Nexon EV has been reduced by Rs 1.2 lakh.

Nexon EV becomes cheaper by Rs 1.2 lakh

The price of Tata Motors’ top selling car Nexon.ev now starts from Rs 14.5 lakh. Its price has declined by Rs 1.2 lakh. At the same time, the price of Tiago.ev now starts from Rs 7.99 lakh. The price of Tiago EV has dropped by Rs 70,000. However, there is no change in the price of the recently launched Punch.EV.

Battery cost constitutes a major part of the total cost of EV.

Vivek Srivatsa, chief commercial officer, Tata Passenger Electric Mobility (TPEM), said, “Battery cost is a major part of the total cost of an EV.” “Recently, battery cell prices have softened and It is likely to decrease further in the near future. Therefore, we have chosen to pass on the benefits from this directly to the customers.” The company said that the passenger vehicle (PV) industry is expected to grow by eight percent in 2023. Whereas only the EV segment recorded a growth of more than 90 percent.

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