Tata Motors, which currently is India's largest maker of electric vehicles (EVs), has introduced several offers to celebrate the milestone of surpassing two lakh EV sales.
This also comes at a time when Elon Musk's US-based EV giant Tesla is looking to step foot into the country in April 2024, according to an Economic Times report.
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What is Tata's EV offer
The limited-period offers will be available for the next 45 days and it is an exchange bonus of up to ₹50,000, along with financing schemes that allow 100 per cent on-road funding with zero down payment.
Customers who are purchasing the Curvv EV or Nexon EV will get six months of complimentary access to Tata Power’s charging network along with a free home charger installation of a 7.2 kW AC charger.
Tata is also giving loyalty rewards for existing customers. Current Tata EV owners who are looking to upgrade to the Nexon EV or Curvv EV can avail of a ₹50,000 loyalty bonus, while Tata ICE vehicle owners switching to an EV can get a ₹20,000 loyalty bonus.
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{{/usCountry}}At the moment, Tata offers five EV models in India including the Tiago EV, Tigor EV, Punch EV, Nexon EV, and Curvv EV. Prices start from ₹7.99 lakh ex-showroom.
Meanwhile, Tesla plans to enter India initially by importing cars from Germany, starting at ₹21 lakh, according to the report.
It is planning to offer the cheaper EV models of its lineup priced around $25,000 (approximately ₹21 lakh), the report read.
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It had also posted job openings on LinkedIn and has zeroed in on AeroCity in Delhi and BKC in Mumbai for its first showrooms.