On top of being the most affordable EV right now, the Tata Tiago EV has also received an extension of the introductory pricing recently. However, there’s bad news for those waiting until the new year to get Tata’s new electric hatchback.
The company has shared that the Tiago EV would see a 4% price increase starting January 1, 2023. As TOI puts it, this price bump could translate to an increase of Rs 30,000 to Rs 35,000.
Also Read: Tata Nexon EV vs Nexon EV Max vs Tiago EV Electric Comparison: Price in India, Range, Specifications
As per the automaker’s top brass, its hand was forced with regard to the price increase. The Managing Director of Tata Motors Passenger Vehicles and Tata Passengers Electric Mobility divisions, Shailesh Chandra, said that battery costs have jumped by 30 to 35%, adding that the company isn’t passing down all of these additional costs onto the consumers.
The Tata Tiago EV
It’s worth noting that deliveries of the Tiago EV are only expected to commence next month. This means that customers who book the EV now or later may have to wait several months until the EV is delivered.
The company is expected to upgrade its production line to streamline the supply of its EVs over the coming years. Customers can currently book the Tiago EV starting from Rs 8.49 lakhs (ex-showroom), while the top-end version is priced at Rs 11.79 lakhs.
Another Tata EV is on the way
We learned in another report about Tata’s upcoming electric car, the Punch EV. It’s unclear when this EV will arrive. However, reports suggest it could leverage the same design as its petrol variant, with the anticipated EV branding to make it stand out, a phenomenon we’ve already seen with Tata’s other EVs.
There’s no confirmation on the Punch EV’s performance and battery capacity, though rumours say it could use a 26 kWh battery pack, the same used on Tata’s Tigor EV sedan.
Via: The Times of India