Tata Motors has announced to increase the price of its cheapest electric vehicle Tiago EV by 3 to 4%. The exact amount will be announced in January, and the expected hike is expected to go up to ₹30,000 to ₹35,000.
This price hike was expected as, as stated by Tata Motors, the initial prices were valid for the first 10,000 customers, which was later extended to the first 20,000 customers.
“Battery prices have gone up by 30 to 35%,” says Shailesh Chandra, managing director, Tata Motors Passenger Vehicles and Tata Passengers Electric Mobility. He also says the following will allow Tata Motors not to increase the price of the Tiago EV by a significant margin: The EV shares components with the petrol hatchback, and the electric drivetrain uses a lot of components and materials with the Nexon EV. Is. and Tigor EV.
The brand also announced that it plans to start deliveries of the electric Tiago hatchback by mid-January, and is expected to complete deliveries of the first batch within four or five months.