Tata Motors launches India’s most affordable car in EV spaceTATAMOTORS - 715 Change: -7.40 (-1.03 %)
Tata Motors launched the all-new Tiago EV at a starting price of Rs 8.49 lakh (ex-showroom) with the top model costing Rs 11.79 lakh (ex-showroom). It would come with two options for battery pack i.e. 19.2 Kwh & 24 Kwh offering 250 km & 315 km of certified range, respectively, on single charge. The company will start accepting bookings for this model from October 10 (booking amount Rs 21,000) and would commence delivery from January, 2023.
Tiago EV comes across as the most affordable EV car offering domestically and is Rs 3 lakh more expensive than the internal combustion engine (ICE)-powered Tiago with payback period pegged at about three to five years. Tiago EV contains some premium offerings like leather seats, auto folding ORM, etc. in addition to standard ICE variant. Overall, we believe the company has worked upon energy density in this model by providing more range in a relatively smaller battery size. We believe this would help the company retain its leadership position in the electric PV space.