Tata Motors wants to leave no stone unturned to increase sales of its electric cars. For this reason, on the one hand, the company has reduced the prices of its electric cars. On the other hand, it also gives additional discounts on these cars. In view of the festive season, the company has reduced the price of Punch EV by Rs 1.2 lakh and Tiago EV by Rs 40,000. Even after this, the company is directly offering cashbacks and discounts company to customers in the name of Green Bonus. In such a situation, buying these electric cars will become much cheaper. Let us know in detail.
Tata Punch EV (Savings up to Rs 26,000)
Tata Punch EV competes directly with the Citroën eC3. In such a situation, the company is offering a cash discount of Rs 20,000 along with a corporate discount of up to Rs 6,000 on this car. This concerns the MY2023 and MY2024 models. Just last month, the company reduced the prices of electric vehicles. They have been reduced from Rs 10.99 lakh to Rs 14.99 lakh to Rs 9.99 lakh to Rs 13.79 lakh. The Punch EV has a 35 kWh battery with a range of 365 km MIDC, or a 25 kWh unit with a range of up to 265 km.
Tata Tiago EV (Savings up to Rs 56,000)
Prices of the Tiago EV were also reduced last month. Prices of the fully electric sedan now range between Rs 7.99 lakh and Rs 10.99 lakh. There has been a price cut of around Rs 40,000 for the top-end variant. This month, the mid-range XT variant with a larger 24 kWh battery (275 km range) gets a cash discount of up to Rs 50,000 and a corporate discount of up to ‘at Rs 6,000. Meanwhile, the entry-level Tiago EV XE and km of autonomy MIDC).
Tata Motors’ annual sales declined
When it comes to electric car sales, Tata Motors sold 3,621 units in September 2024. While in September 2023, this figure was 4,325 units. This means that it sold 704 fewer units and recorded an annual decline of 16.28%. At the same time, its market share was 61.64%. MG Motors sold 977 units in September 2024. While in September 2023, this figure was 895 units. This means it sold 82 more units and recorded an annual growth of 9.16%. At the same time, its market share was 16.63%.