Tata Motors unveiled the Nexon EV in India in December 2019 and opened bookings soon after at a down payment of Rs.21,000. The Nexon EV entered a segment to compete with the Hyundai Kona electric and MG ZS EV and was priced at Rs.15 - 17 lakhs. It is is presented in three variants of XM, XZ+ and XZ+ Lux and offers an ARAI certified range of 312 kms.
Tata Nexon EV with monthly plans
With the ever increasing demand for electric vehicles, but the high costs involved, Tata Motors has introduced subscription plans for the Tata Nexon EV at a starting rent of Rs.41,900. Customers can select tenures from 18, 24 to 36 months and the rental amount include a comprehensive insurance cover, road side assistance and end to end maintenance.
This monthly rental scheme on the company's flagship electric vehicle is being offered initially in 5 cities of Delhi/NCR, Mumbai, Pune, Hyderabad and Bengaluru. The offer is in collaboration with Orix Auto Infrastructure Services Limited, a leading leasing company in the country. For a tenure of 36 months, the monthly subscription rate is Rs.41,900, going up to Rs.44,900 for a period of 24 months and at Rs.47,900 for an 18 month leasing period.
It will not involve any vehicle registration, road tax, etc making it a hassle free acquisition for the user. The monthly subscription covers all benefits and also includes free maintenance with servicing and doorstep delivery. The customers will also be provided with their own electric chargers installed at their homes or offices for the entire tenure selected.
The Tata Nexon EV with monthly plans will benefit corporate who would prefer the leasing option over outright purchase. It will also be found useful for individual in the event of intercity job transfers while expatriates coming into the country for a limited period would also find this subscription plan a viable option.
The plans are flexible. Users can opt for extension of the plan or just return the vehicle after the completion of the rental tenure. They can also exit the plan with a 1 month notice and return of the vehicle. More details about the Tata Motors EV Subscription Program is available on official site.
The Tata Nexon EV is powered by a 3 phase permanent magnet synchronous motor offering 129 hp power and 245 Nm peak torque mated to an automatic transmission. The electric vehicle has two driving modes of Drive and Sport. The motor is paired with a IP67 certified 30.2 kWh lithium ion battery. The fast charger can charge the vehicle upto 80 percent in 60 minutes while a regular charger can charge the Nexon EV upto 100 percent in 8 hours.