Tata Motors has announced a significant reduction in the prices of its popular electric SUV, the Nexon EV, owing to reduced battery costs. The move aims to make electric vehicles more accessible to customers, contributing to the broader trend of enhancing affordability in the electric mobility segment.
Nexon EV Price Reduction
- The prices for the Nexon EV have been reduced across variants, with the MR (Medium Range) and LR (Long Range) versions witnessing varying degrees of price cuts.
- The starting price for the Creative+ MR variant is now Rs 14.49 lakh (ex-showroom), making it a more budget-friendly option for customers.
Variant-wise Price Changes
- The MR variants see a price reduction ranging from Rs 20,000 to Rs 35,000, depending on the specific variant.
- The LR variants experience a more significant price drop, with reductions of up to Rs 1.20 lakh. The top-spec trim sees a reduction of Rs 20,000.
Comparison with Mahindra XUV400 EV
- The Nexon EV's direct rival, the Mahindra XUV400 EV, is priced between Rs 15.49 lakh and Rs 17.49 lakh for its Short Range and Long Range variants, respectively.
- The recent interior update to the XUV400 EV, coupled with competitive pricing, positions it as a compelling option in the electric SUV segment.
Nexon EV Range and Specs
- The Nexon EV is available in two variants – MR with a 30.2kWh battery and LR with a 40.5kWh battery.
- The MR variant boasts an ARAI-claimed range of 325km, while the LR variant offers an extended range of 465km.
- Both variants now feature a standard 7.2kW AC charger, providing efficient charging.
Output Specifications
- The MR variant generates 129hp and 215Nm of torque, while the LR variant delivers higher power with 145hp and 215Nm of torque.
Charging Times
- The Nexon EV now comes equipped with a 7.2kW AC charger as standard, ensuring faster charging times.
- Charging from 10 to 100 percent takes 4.3 hours for the MR variant and 6 hours for the LR variant.
Tata Motors' decision to reduce the prices of the Nexon EV aligns with the company's strategy to pass on the benefits of decreased battery costs to customers. The move enhances the competitiveness of the Nexon EV in the electric SUV market, making it an appealing choice for customers seeking an affordable and efficient electric vehicle option. As the electric mobility landscape continues to evolve, such initiatives contribute to the broader goal of promoting sustainable transportation.