Tata Motors reduces prices of its EV model range by up to Rs 3 lakh

Tata Motors on Tuesday said it has reduced prices of its electric vehicle model range by up to Rs 3 lakh.

The Mumbai-based automaker said it has reduced the price of Nexon EV by up to Rs 3 lakh, Punch EV by 1.2 lakh, and Tiago EV by Rs 40,000.

"With these special, limited period prices, we are breaking the high acquisition cost barrier for EVs, and bringing EV prices closer to similar petrol and/or diesel-powered vehicles," Tata Passenger Electric Mobility Chief Commercial Officer Vivek Srivatsa said.