Tata will launch the best and cheapest EV for Rs. 10 lakh.
Tata Motors announced the launch of the Tiago EV on the same day as September 9’s World EV Day. Tata Motors has seized 88% of the market for electric passenger vehicles thanks to just two models—the Nexon EV and Tigor EV.
Tata will launch the best and cheapest EV
With plans to release a compact car later this month for under ’10 lakh, which would be the least expensive by any manufacturer so far in the EV market, Tata Motors, the nation’s largest producer of electric vehicles, will further hone its competitive edge over rivals.
The Tata Tigor, which costs Rs 12.49 lakh, is already the best and cheapest electric vehicle on the market.
Prices for products from other EV manufacturers like Hyundai and Kia are higher than Rs 20 lakh.
In fact, Maruti Suzuki India, the market leader in compact, inexpensive internal combustion engine vehicles, has acknowledged its inability to introduce an EV with a price tag under Rs 10 lakh. The business intends to release its first EV in 2025.
When it debuts, the new Tiago EV will be the smallest electric car available in India, not only in Tata Motors’ lineup. At the time of its launch, information on the vehicle’s power, battery capacity, and exact price will be disclosed.