Tata Motors Slashes EV Prices to Boost Accessibility

Tata Motors has announced significant price reductions for its electric vehicle models, with cuts up to Rs 3 lakh for certain models. This initiative aims to make EVs more accessible and bring their prices closer to petrol and diesel-powered vehicles.

Tata Motors on Tuesday announced a substantial reduction in the prices of its electric vehicle model range by up to Rs 3 lakh. The Mumbai-based automaker has slashed the price of the Nexon EV by up to Rs 3 lakh, the Punch EV by Rs 1.2 lakh, and the Tiago EV by Rs 40,000.

'With these special, limited period prices, we are breaking the high acquisition cost barrier for EVs, and bringing EV prices closer to similar petrol and/or diesel-powered vehicles,' said Vivek Srivatsa, Chief Commercial Officer of Tata Passenger Electric Mobility. The company aims to make electric vehicles (EVs) more accessible to regular car buyers and to mainstream EV adoption.

Additionally, Tata Motors had previously announced a price reduction ranging between Rs 65,000 and Rs 1.8 lakh on its internal combustion engine-powered range, which includes models like Tiago, Nexon, Harrier, and Safari.

(With inputs from agencies.)