Tata Motors to launch 4 new electric vehicles in India by 2021-end
01 Aug 2019
Tata Motors plans to launch four new electric vehicles (EVs) in India over the next 12 to 18 months. Tata Motors chairman N Chandrasekaran made the announcement during an interaction with the shareholders at the 74th annual general meeting.
Among the vehicles to be introduced are Altroz EV, Nexon EV, Tigor EV's fresh version and an undisclosed model.
Tata Motors had showcased Altroz EV at the 89th Geneva International Motor Show along with Altroz, Buzzard, Buzzard Sport and H2X Concept. The electric vehicle will get a permanent magnet AC motor with single-speed gearbox.
Tata Motors is targeting a range of 250-300 km for Altroz EV, which might be priced over Rs10 lakh (ex-showroom) in India.
As of now, Tata Motors offers Tigor EV in India, which is available in two variants -- XM and XT. Tata Tigor EV comes with a 72 V 3-Phase AC induction motor that makes 30 hp and 105 Nm of peak torque. It is offered with a single speed, automatic transmission.
The car gets a 16.2 kWh capacity battery and has a range of 142 km. The vehicle comes with a standard warranty of three years or 1.25 lakh kms. The battery warranty is also for three years or 1.25 lakh kms.
While Tigor EV XM is priced at Rs9.99 lakh, Tigor EV XT costs Rs10.09 lakh. Both the prices are ex-showroom and include TCS, DPCC incentive (in Delhi only) and government FAME incentive.
The 2019 union budget provided a major fillip to the EV sector in India with the finance minister Nirmala Sitharaman announcing an additional tax benefit of Rs1.5 lakh on the interest paid on the loans taken for the purchase of electric vehicles. The GST rate on EVs has been reduced to 5 per cent from 12 per cent. Besides, the tax rate on chargers or charging stations for EVs has been lowered to 5 per cent from 18 per cent.
Apart from Tata Motors, other major players like Maruti Suzuki, Mahindra & Mahindra, MG and Audi will also introduce electric vehicles in India shortly. On July 9, Hyundai had launched Kona for an introductory price of Rs 25.30 lakh (ex-showroom) and within 10 days of the launch, the electric SUV had garnered 120 confirmed bookings.
Tata Motors also showcased seven new public transportation vehicles at Prawaas 2019, a biennial event to display new technologies, innovations, products and services in the passenger transportation domain in Navi Mumbai from 25th to 27th of July 2019.
This year, Tata Motors displayed – Magna 1623, Starbus 1212, Cityride 1515, Winger 9 seater, Compact Patient Transport Ambulance on Tata Magic, Tata Hexa SUV as well as the Ultra Electric Bus that are designed to meet exceptional comfort and safety level for drivers and passengers alike, while ensuring best-in-class drivability.