The Nexon has seen a price cut of up to Rs 80,000, while the entry point remains unchanged at Rs 8 lakh for the Smart (O) variant.
11 Sep 2024 | 7980 Views | By Saptarshi Mondal, Autocar India
Tata Motors has slashed prices of the Nexon EV, the Punch EV and the Tiago EV by up to Rs 3 lakh, in the run up to the festive season. This could be in an effort to boost sales, as EV demand has been slowing lately, although the reduced prices ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
Tata Motors has slashed prices of the Nexon EV, the Punch EV and the Tiago EV by up to Rs 3 lakh, in the run up to the festive season. This could be in an effort to boost sales, as EV demand has been slowing lately, although the reduced prices are only applicable till October 31, 2024. Tata Motors recently also reduced prices of its entire ICE lineup by up to Rs 1.80 lakh, as part of a festive season offer.
With prices now ranging between Rs 12.49 lakh and Rs 16.29 lakh, the Nexon EV sees the biggest drop in price, of up to Rs 3 lakh, depending on the variant. Prior to this revision, the Nexon EV was priced between Rs 14.49 lakh and Rs 19.29 lakh, which means the base price has gone down by Rs 2 lakh and price for the top-spec variant has gone done by Rs 3 lakh. A detailed price list, however, is not available yet.
Similarly, the Punch EV, which was priced between Rs 10.99 lakh and Rs 14.99 lakh, is now priced between Rs 9.99 lakh and Rs 13.79 lakh – here, again, the base model sees a price reduction of Rs 1 lakh, while the top-spec variant is more affordable by Rs 1.20 lakh. Tata Motors has also reduced the price of the top-spec Tiago EV by Rs 40,000, which its now priced at Rs 10.99 lakh; the base price for the Tiago EV remains unchanged at Rs 7.99 lakh.
Do note that Tata dealerships are not likely to offer any additional discounts or benefits on any of the said models. Earlier this month, we reported Tata EVs were available with discounts of up to Rs 2 lakh, but it is understood that they have been clubbed together with this price revision. There is, however, no price revision for the Tigor EV.
What’s interesting, is that Tata claims the price revision brings parity between the ICE and EV variants of the Nexon. For reference, regular petrol and diesel variants of the Nexon are priced between Rs 8.00 lakh and Rs 15.80 lakh. Similarly, the Punch EV and Tiago EV are also positioned closer to their ICE counterparts for a limited period.
Tata Motors is also offering a 6-month free of cost charging at any of the over 5,500 Tata Power charging points across the country, further enticing the purchase of an EV during this festive period.