Tata Motors cuts EV prices by Rs 80,000 post GST cut (file photo)
Tata Motors on Thursday announced price cut of its electric vehicles (EVs) by up to Rs 80,000 following government’s decision to bring down the GST on electric vehicles to 5 per cent. As of now, Tata Motors offers Tigor EV in the domestic market. The price reduction will be applicable across all the variants of Tigor EV, the company said.
In light of the recent announcement made by the government to slash the GST rates of all electric-powered vehicles from 12 percent to 5 percent, the price of Tata Motors EVs, will be reduced by up to Rs 80,000 starting August,” said Shailesh Chandra, president for electric mobility business and corporate strategy, Tata Motors.
Last week, the GST Council announced slashing of the GST rate on EVs to 5 per cent from 12 per cent to boost the sales of these vehicles in the country. The price reduction will be valid across all the variants of Tigor EV - XE (base), XM (premium) and XT (high).
Following the cut, the Tigor EV which was earlier priced between Rs 12.3512.71 lakh (ESP Mumbai) will now be available to customers at a starting price of Rs 11.5811.92 lakh, the company said. However, these prices do not include the FAME (Faster Adoption and Manufacture of (Hybrid and) Electric Vehicles) subsidy & TCS,” said Chandra.
Apart from this, Tata Motors launched Tata Harrier in January, however, it is now facing the stiff competition from recently-launched MG Hector, Mahindra XUV500 and Jeep Compass. Tata Motors has already sold more than 10,000 units of Harrier and the company had recently introduced two dual-tone colour options for the SUV. Moving ahead, the automaker is all set to introduce Harrier in a new all-black paint scheme.
According to a report by Autocar India, Tata Harrier all-black edition will be launched in August this year. In the new colour scheme, the SUV is looking very sporty. The ORVM, front skid plate and alloy wheels have been blacked out. The cabin has been given a similar treatment, with black leather upholstery.
(With inputs from PTI)