Tata Motors’ Electric Cars Are Now More Affordable. See New Prices

New Delhi: 

Tata Motors’ subsidiary Tata Passenger Electric Mobility (TPEM) has reduced the prices of its Nexon.ev and Tiago.ev. Nexon.ev prices have been reduced by upto ₹ 1.2 lakh while the Tiago.ev prices have been reduced by upto ₹ 70,000. New prices for Nexon.ev MR (Medium Range) start from ₹ 14.49 lakh, Nexon.ev LR (Long Range) start from 16.99 lakh and of Tiago.ev start from ₹ 7.99 lakh. 

Company has cited reduction in battery cost for taking this step. Speaking about the price reduction, Mr. Vivek Srivatsa, Chief Commercial Officer, TPEM, said, “Battery costs constitute a substantial part of the overall cost of an EV. With battery cell prices having softened in the recent past and considering their potential reduction in the foreseeable future, we have chosen to proactively pass on the resulting benefits directly to customers. While EVs have grown rapidly over the last few years, our mission is to accelerate the mainstream adoption of EVs by making them more accessible nationwide. Our portfolio already offers a wide choice of body styles, range and price points for our smart, feature rich EVs. We believe that at these accessible prices, the best-selling Nexon.ev and Tiago.ev become an even more compelling proposition to attract a larger pool of customers.”