Tata Motors has increased the prices of Nexon EV and Nexon EV MAX models in India by up to Rs. 60,000. After receiving the new price hike, the Tata Nexon EV Max will be available in India at a starting price of Rs 14.99 lakh (ex-showroom), while the top variant of the SUV will now cost Rs 19.84 lakh (ex-showroom).
The Nexon EV Dark XZ+ version has received a price hike of Rs 20,000. Now its price is Rs. 16,49,000 (ex-showroom). The Tata Tigor EV range now tops out at Rs 13.64 lakh for the XZ+ DT trim level. Meanwhile, the Nexon EV model, the Dark XZ+ Lux, has seen a price hike of ₹35,000 and will now cost ₹17.50 lakh (ex-showroom).
In April, Tata Motors announced a price hike for all its passenger vehicles, which includes both electric vehicles and ICE-powered cars and SUVs. The latest price hike has been attributed to rising input costs. This has been the reason for the last few consecutive price hikes for both passenger and commercial vehicles.
Tata had increased the prices from the last week of April. The company claimed that the weighted average growth, depending on the variant and model, is 1.1%. Similar to the previous price hike, Tata Motors is expected to honor the old prices for customers who booked their cars before April 23. In the month of March, Tata Motors had announced a hike in prices in the range of 2-2.5%. Its all commercial vehicles.
Tata Motors reported sales of 45,197 units in June 2022. This was an increase of 87.46 per cent as compared to 24,110 units sold in June 2021, while MoM sales increased by 4.28 per cent as compared to 43,341 units sold in May 2022.
The demand in the electric vehicle segment has increased to 9,283 units in Q1 FY23, up from 1,715 units sold in Q1 FY22, while the demand for 1,23,051 units sold in Q4 FY22 also registered a growth of 6 per cent.
After Tata Nexon EV, Tata Nexon EV MAX price hiked by Rs 60,000: Details here first appeared on BGR India.