Tata Motors Electrifies Savings: Nexon & Tiago EVs Get Up to ₹1.2 Lakh Price Cuts!

In a bid to boost electric vehicle (EV) adoption and affordability, Tata Motors announced significant price reductions for its popular Nexon and Tiago EVs, effective February 13th, 2024. This move comes amidst declining battery cell costs, allowing the company to pass on the savings to customers.

Key Points:

  • Price cuts:
    • Nexon EV: Up to ₹1.2 lakh, starting at ₹14.49 lakh (ex-showroom)
    • Tiago EV: Up to ₹70,000, starting at ₹7.99 lakh (ex-showroom)
  • Aim: Make EVs more accessible to Indian consumers and drive sales.
  • Impact: Increased affordability could attract new buyers and accelerate EV adoption in India.
  • Note: Recently launched Punch EV retains its existing pricing as battery cost benefits were already factored in.

This news highlights Tata Motors' commitment to making EVs more attractive and potentially marks a turning point for EV affordability in India.

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