WE ATTENDED THE launch event of Tiago EV, Tata's third electric PV and its first electric hatchback. We believe Tiago EV offers an attractive proposition, providing the differentiated appeal of an EV at a reasonable price. Tata is also expanding its EV availability from 85 to 165 cities as it expects good acceptance of Tiago EV in tier-2/3 cities. EVs now form 8% of Tata's India PVvolumes, and we believe Tata has potential to gain share as EV adoption rises.
Tata brings electric to small cars: We attended the launch event of Tiago EV, Tata's third electric passenger vehicle (PV) and its first electric hatchback (small car). The vehicle is a modified version of the existing Tiago ICE, along similar lines as the Nexon and Tigor Evs. Tiago EV will come at an attractive introductory price, starting at ₹849K (ex-showroom) for the first 10K customers.
This story is from the October 04, 2022 edition of Financial Express Mumbai.
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This story is from the October 04, 2022 edition of Financial Express Mumbai.
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