Tata Motors slash EV prices by up to Rs 80,000

Automobile major Tata Motors on Thursday reduced prices of its electric vehicle (EV) -- Tigor EV -- by up to Rs 80,000 on the back of the recent cut in GST rates of all electric-powered vehicles

"In light of the recent announcement made by the government to slash the GST rates of all electric-powered vehicles from 12 per cent to 5 per cent, the price of Tata Motors' EVs, will be reduced by up to Rs 80,000 starting August 2019," said Shailesh Chandra, President - Electric Mobility Business and Corporate Strategy, Tata Motors.

Recently, the GST Council slashed rates on all electric-powered vehicles from 12 to 5 per cent. 

The price reduction will be valid across all the variants of Tigor EV -- XE (base), XM (premium) and XT (high) -- the company said. 

Accordingly, the Tigor EV, which was earlier priced between Rs 12.35 lakh to Rs 12.71 lakh (ESP Mumbai), will now be available to customers at a starting price of between Rs 11.58 lakh to Rs 11.92 lakh.

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