Tata.ev reduces EV prices up to INR 1.2 Lakh

Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors and the pioneer of India’s EV revolution, today announced an exciting reduction in prices of its bestselling EVs – Nexon.ev and Tiago.ev, with the objective of making EVs more accessible to Indian customers.    Key highlights of the price reduction:  India’s most feature rich EV, the Nexon.ev gets a price reduction of up to INR 1.2 Lakh   India’s fastest selling Tiago.ev gets a price reduction of up to Rs. 70,000, base model starts at INR 7.99 Lakh  Inaugural prices of the recently launched Punch.ev remain unchanged as they already factor in reduction in battery price in the foreseeable future.   Speaking about this 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,