Tag: Tata Nexon EV

Tata Motors shares slip as prices of Nexon, Tiago EV models are cut by up to ₹1.2 lakh

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Tata Motors share price dropped nearly a percent on Tuesday, February 13, as the Tata Group auto major’s electric vehicle (EV) arm announced a price cut for EV models by up to ₹1.2 lakh.

At 2 pm, Tata Motors share price quoted at ₹904.30, down 0.8% on NSE. The scrip opened at ₹911.60 and hit the day’s low at ₹894. The stock has gained 11% in the last one month, while the three-month return on Tata Motors is over 38%.

Tata Motors has cut the price of its top-selling electric vehicle, Nexon.ev by up to ₹1,20,000. The company also reduced the price of its small electric car, Tiago.ev by up to ₹70,000.

After the price cut, Nexon.ev will now be available at a starting price of ₹14.49 lakh ex-showroom, while Tiago.ev will begin at ₹7.99 lakh ex-showroom.

According to the Chief Commercial Officer of Tata.ev, Vivek Srivatsa, the TPG-backed company has cut the prices of its aforementioned two popular electric cars to directly pass on the benefits of slightly declining battery cell prices to customers.

“With battery cell prices having softened in the recent past and considering their potential reduction in the foreseeable future, we have chosen to proactively pass on the resulting benefits directly to customers,” said Srivatsa in a press release dated February 13, 2024.

While EVs have grown rapidly over the last few years, Tata Motors’ EV arm has focused on accelerating the mainstream adoption of EVs by making them more accessible nationwide. The company believes that its best-selling cars Nexon.ev and Tiago.ev will attract an even larger pool of customers at such accessible prices.

Tata Motors signed a Memorandum of Understanding (MoU) with Bandhan Bank on Monday, for providing financing services to commercial vehicle buyers. As per the MoU, Bandhan Bank will offer convenient financing solutions to customers across the commercial vehicle portfolio of Tata Motors.

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Overdrive: Revamped Tata Safari, Triumph Scrambler 400 X, and affordable drifting in India

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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In this episode of Overdrive, take a closer look at the latest features and enhancements in the updated Tata Safari. Also, embark on an exciting journey riding the Triumph Scrambler 400 X and indulge in some thrilling drift experiences with Bad Boi Drifts.

Revamped Tata Safari:

The latest features of the revamped Tata Safari, which is a flagship sports utility vehicle from Tata Motors, now boasts a distinctive design, a wealth of appealing features, and a robust safety package. Is it the SUV you have been in search of?

Also Read | Overdrive delves into tech, bike battles, and futuristic cars

Tata has been actively overhauling its SUV lineup, including the introduction of the striking new Nexon and Nexon EV. Additionally, there is the forthcoming Punch EV, expected to feature a more distinct design compared to its internal combustion engine (ICE) counterpart. However, the current talk of the town revolves around the 2023 updates to the Safari and its 5-seater variant, the Harrier.

Regarding the Scrambler 400 X model:

The recent collaboration between Triumph and Bajaj resulted in the launch of the Speed 400 in the small to medium-capacity motorcycle segment. Now, they have unveiled the Scrambler 400 X, the second iteration of this motorcycle, promising greater versatility for riders.

Budget-friendly drifting experiences in India:

Finally, discover more about affordable drifting experiences in India with Bad Boi Drifts. It’s an opportunity to delve into the world of drifting without stretching your budget.

Also Read | Luxury SUV showdown: Overdrive tests the off-road capabilities of Lexus GX550

For more details, watch the accompanying video.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Overdrive explores Indian automotive innovations — KTM 390 Duke, Tata Nexon EV, Ultraviolette F77

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Indian automotive industry is a hotbed of innovation, constantly pushing the boundaries of technology and performance. In a recent expedition, the Overdrive team embarked on an adventure to uncover what’s new and exciting in the world of Indian motorcycles and electric vehicles. Overdrive explores the revamped KTM 390 Duke, the updated Tata Nexon EV, and India’s most potent electric motorcycle, the Ultraviolette F77.

The KTM 390 Duke has always been a favorite among motorcycle enthusiasts, and the latest iteration takes the game to a whole new level. Overdrive finds out what makes this motorcycle more impressive than ever before.

The new KTM 390 Duke is nothing short of mind-blowing. It has shed some weight, making it even nimbler, and its power output has been upped, making it more formidable than its predecessors. The engine, which has been a standout feature of the Duke series, now seems to possess a new character that riders are bound to appreciate. Overdrive’s motorcycle expert, Rohit Paradkar, delves into the details, offering a closer look at what makes this Duke a true beast on the road.

With electric vehicles becoming increasingly popular in India, Tata Motors has updated the Nexon EV.

Close on the heels of the launch of the conventional petrol and diesel-powered Tata Nexon, the updated Tata Nexon EV has made its debut. While some might have expected a larger battery pack, Tata Motors has focused on optimising power management. This means that the Nexon EV can now squeeze out significantly more juice from its batteries, making it a compelling option for those who prioritise electric mobility. Overdrive’s Tuhin Guha dives deep into the technical aspects, shedding light on how Tata managed to achieve this remarkable feat.

When it comes to electric motorcycles, the Ultraviolette F77 stands out as India’s most powerful offering.

The Ultraviolette F77 has been making waves among Indian motorcyclists as the most potent electric motorcycle in the country. In a unique adventure, Overdrive’s Christopher Chaves puts the F77 through its paces in the midst of Mumbai’s monsoon, a true test of its capabilities.

Chaves shares his thrilling experience and provides a glimpse into how this electric powerhouse tackles not just the open road but also the rain-soaked streets of India’s financial capital.

For the entire show, watch the accompanying video

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Tata Motors launches new Nexon starting from Rs 8.09 lakh, Nexon.ev to cost Rs 14.74 lakh onwards

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The 2023 Tata Nexon, both ICE and EV versions, were launched on Thursday, September 14 with the price of petrol variants starting from Rs 8.09 lakh and the diesel variant costing Rs 11.69 lakh onwards. The new edition Nexon will be available in seven petrol variants and four diesel variants.

Tata Motors also has launched the facelift of Nexon.ev in two battery packs with prices startin from Rs 14.74 lakh for MR variant while the LR variant will cost Rs 18.19 lakh onwards.

It must be noted that all prices are introductory.

Tata Motors opened bookings for the new Nexon editions on September 4 as the new model was unveiled earlier this month.

The 2023 Nexon has a larger 10.25 inch touchscreen and a new two-spoke steering wheel. The design draws inspiration from the Curvv and Harrier EV concepts. The facelift model will also have a split-headlamp setup with sequential LED DRL signatures.

The new model’s safety features include six airbags, ESC, three-point seat belts for all seats, ISOFIX.

According to the firm’s brochure, the new model’s reverse light has been relocated to the bumper, and the car now features a full-width LED light bar at the back with the Tata Motors logo in the centre. The bumper, which now has a false skid plate, will also have the number plate. The Nexon facelift has the same 208mm of ground clearance as the original model.

Tata Nexon facelift will compete with the Nissan Magnite, Hyundai Venue, Kia Sonet, Renault Kiger, Maruti Suzuki Brezza, and Maruti Suzuki Fronx.

While details of the EV model have not been made available yet, the 2023 petrol and diesel versions feature Revotron 1.2-liter turbocharged petrol (120PS/170Nm) and Revotorq 1.5-liter diesel (115PS/260Nm) engines, as in the previous versions.

Ahead of the launch, Tata Motors shares were trading half a percent higher at Rs 628.65 on BSE at 11:10 am.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Tata Motors delivers its 50000th electric car, a Nexon EV, to Chairman Chandrasekaran

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Homegrown automobile manufacturer Tata Motors, on Thursday, December 29, announced that it has reached a new milestone by delivering its 50,000th electric vehicle (EV). Interestingly, this specific model, Tata Nexon EV, was delivered to Tata Group’s Chairman, N. Chandrasekaran.

Tata Motors’ subsidiary Tata Passenger Electric Mobility Limited, in a tweet, said, “Immensely proud as we deliver our 50,000th EV, a Tata Nexon EV, to Mr N Chandrasekaran – the Chairman of Tata Group. What started as his vision, has changed the way India perceives mobility. Stoked to have this special person own a milestone car – the 50,000th TATA EV.”

This was indeed a special delivery for each one of us at Tata Motors. Here’s to many electrifying miles that lie ahead⚡#NexonEV #EvolveToElectric
(2/2)

— Tata Passenger Electric Mobility Limited (@Tatamotorsev) December 29, 2022

Earlier in November, the company announced the rollout of its 50,000th EV from its Pune facility. Now, the same has been delivered to Chandrasekaran.

It should also be noted that Nexon EV was Tata Motors’ first offering into the passenger vehicle electric mobility segment. Furthermore, the company has managed to become the leader in India’s EV space on the back of this electric SUV.

Also Read | Tata Motors to launch electric version of its SUV Punch in 2023

Tata Nexon EV was launched in early 2020 and comes with an IP67-certified 30.2 KWh lithium-ion battery and has 312 km of ARAI-certified range. The compact SUV’s electric motor churns out 229 PS and 245 NM of torque and is paired with an automatic transmission system.

Moreover, Nexon is also the only SUV in India with a 5-star NCAP rating. Tata Motors Nexon EV can be charged from 0 to 80 percent in 60 minutes using a fast charger and from 20 to 100 percent in 8 hours using a regular charger.

The company later added a new Nexon EV MAX as an extension to India’s bestselling EV with an ARAI-certified driving range of 437 km due to its larger 40.5kWh battery pack. With this, Tata Motors has also introduced a Multi-Mode Regen feature and driving modes.

Currently, the Tata Motors EV range consists of Nexon EV Max (Rs 18.34-20.04 lakh), Nexon EV Prime (Rs 14.99-17.50 lakh), Tiago EV (Rs 8.49-11.79 lakh) and Tigor EV (Rs 12.49-13.75 lakh). Interestingly, the homegrown automaker’s EV lineup is already the biggest in the country.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

EV SUV options set to accelerate as faster breakeven to help negate initial cost difference

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Have you been planning to switch to an electric car but held back because you have to pay a lot more to acquire an EV car versus your fuel-engine car upfront? For instance, Tata Nexon EV is way more expensive than the Tata Nexon petrol or diesel versions.

However, brokerage firm CLSA believes that the sports utility vehicle (SUV) segment within the passenger vehicle segment is likely to shift to electric at a rapid pace with 25 to 30 percent of SUVs demand switching to electric by FY27 to FY30 as the breakeven period continues to come down, as per its latest note on Thursday.

The brokerage said the cost of ownership for EV SUVs is quite attractive when compared to the usual internal combustion engine (ICE) models. The breakeven, which is the increased cost of ownership minus the amount saved on fuel on an annual basis, for EV SUVs is about two to four years on average.

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According to CLSA’s analysis of Nexon petrol versus Nexon EV Prime, the breakeven of the latter is close to about three years and four months and if one takes the higher end model, the breakeven should be in about five and a half years.

When compared to the diesel version, for the lower-end variant, the EV’s breakeven would be in about two to three and a half years and if one goes for the premium end variants between petrol and diesel, it’s close to about five years on an average, according to the brokerage.

This implies, if one wants to switch to EV and buy a lower-end EV version, against either petrol or diesel, then the breakeven is as low as two to three and a half years, which is why analysts say the rise of electric vehicles is going to be inevitable in SUVs.

CLSA believes Tata Motors and Mahindra and Mahindra (M&M) are likely to lead the race in the electrification of the SUV segment as they have the first-mover advantage. They’re launching eight to 10 new models each in the electric segment over the next five years.

Both automakers are spending close to about Rs 100 billion to Rs 150 billion over the next five years for electric vehicle cars. Between the two, both firms will command about 65 percent of the market share by FY27, the brokerage projected.

Watch the accompanying video for more

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Also Read: Tata Motors Punch, Nexon to become costlier from 2023 — Maruti cars to cost more too

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

50000th EV rolls out of Tata Motors Pune facility

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Homegrown auto major Tata Motors on Monday said it has rolled out its 50,000th electric vehicle from its Pune facility in Maharashtra.

The company said on November 7 a favourable policy environment, positive word of mouth from existing customers, practical product options, better ride and handling and attractive cost of ownership have helped Tata Motors to achieve this feat ahead of its target.

The Mumbai-headquartered firm sells three electric products — Nexon EV, Tigor EV and XPRES-T — in the domestic market. It has also recently unveiled a coupe-style SUV, which it plans to launch in the next two years.

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As per FADA, Tata Motors led the EV vehicle segment in 2021-22 with retails of 15,198 units and a market share of 85.37 percent in the vertical.

As per Tata Motors Chairman N Chandrasekaran, the company is planning to have 10 new battery electric vehicles (BEVs) in its domestic product portfolio by 2025.

All products are powered by the high voltage Ziptron architecture, which is driven and proven for over 450 million km across diverse and challenging Indian terrains, providing an unmatched, uncompromising EV experience, the company stated.

While new products are developed to cater to evolving customer needs, Tata Motors also offered software updates to existing EV customers so they can enjoy a renewed driving and ownership experience, the company added.

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Furthermore, with an aim to make EVs easily accessible, Tata Motors has entered 80 new cities, expanding its network to more than 165 cities, and helping consumers embrace EVs as their mode of personal mobility.

Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd, said as the pioneers of EVs in the country, the onus of ensuring successful adoption was on the company.

“With a well-calibrated product mix, strong consumer-facing initiatives, we have been able to address barriers to EV adoption. We created an entire EV ecosystem with Tata Group companies to provide simple, cost-effective solutions for our customers,” Chandra said.

Also Read: Prices of cars, two wheelers will go up sharply in November, say dealers

“Celebrating 50,000th EVs in India is a strong testament to how our portfolio is resonating with people across the country. EVs are offering a practical solution to problems of rising fuel prices and worsening pollution,” he added.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Citroen to launch C3 Electric in India on Sept 29: Check specifications, price

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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French carmaker Citroen is set to debut in the Indian market with its electric car Citroen C3 this week. The company has confirmed that Citroen C3 will be launched in India on September 29.  The electric car from the French automobile major will be the latest entrant in the hatchback segment competing with the likes of Tata Tiago, Tata Nexon EV and the newly launched Mahindra XUV400.

The all-electric version of the Citroen C3 is expected to be priced between Rs 10 lakh to Rs 15 lakh.

A short video was shared by the company on Twitter confirming the launch of the Citroen C3 in India. “An electric, that’s good. But for us, it’s far from being #enough. See you on September 29^th,” read the tweet.

An electric car, that’s good. But for us, it’s far from being #enough. See you on September 29th. pic.twitter.com/hwJwRCE2gV

— Citroën India (@CitroenIndia) September 26, 2022

Here is a look at the expected features and specifications of the Citroen C3.

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Design

The Citroen C3 electric is expected to be like the ICE-powered C3 and will likely pack the same space. It is expected to have the same set of visual features like split LED headlamps and DRLs, wrap-around LED tail lamps, faux skid plates, roof rails and body cladding, with 16″ diamond-cut alloy wheels.

Interior

Interior features are expected to include Anodized Grey and Zesty Orange colour palettes with leather upholstery, a digital instrument cluster, a sporty-feeling flat-bottom steering wheel with steering mounted controls, and vertical AC vents among other features.

Battery and powertrain

The Citroen C3 EV is expected to be on the same platform as the ICE variant. It is expected to be available with multiple battery options including a 50W battery pack with a WLTP-certified range of 350 km. This is expected to be paired with an electric motor that produces 135 bhp and 260 Nm of torque. A smaller battery pack may also be offered with a range of about 300 km.

Features

The features of the electric version are expected to be the same as the ICE C3. This includes cruise control, rear defogger, rear wipers, ORVMs, etc. The Citroen C3 is also expected to have EV-specific features like regen braking and multiple drive modes as well.

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Nexon EV fire incident: Tata Motors says detailed investigation underway

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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After dozens of incidents of electric two-wheelers catching fire, netizens were shaken on Thursday after news of a Tata Motors Nexon EV going up in flames broke. Responding to the uproar on social media over a Nexon EV catching fire in Mumbai, Tata Motors said it was investigating the incident. 

Sources told CNBC-TV18 that the fire might have been caused by a very high-intensity spark in the circuitry, but the vehicle is yet to be examined.

“A detailed investigation is currently being conducted to ascertain the facts of the recent isolated thermal incident that is doing the rounds on social media,” Tata Motors said in a statement. “We will share a detailed response after a complete investigation. We remain committed to the safety of our vehicles and their users.”

The company asserted that this was the first incident after more than 30,000 electric cars by the firm have cumulatively covered over 100 million km across the country in nearly four years.

Also read: Overdrive: First Drive Review Of Tata Nexon Ev Max And Bmw C 400 Gt Scooter 

Tata Nexon Electric Catches Fire In Mumbai – First Nexon EV Fire https://t.co/p6fOtdXHIV pic.twitter.com/N7yczAa1ME

— RushLane (@rushlane) June 23, 2022

Also Read: Power-Packed Electric Cars To Watch Out For In The Second Half Of 2022 

What happened?

The EV car fire incident was reported from Vasai West (near Panchvati hotel) in Mumbai late on Wednesday. After driving about 5 km towards his house, the owner of the Nexon saw flashes of warnings on the dashboard, which alerted him to stop the vehicle.

The Nexon EV car had been reportedly charged with a normal slow charger installed at his office.

Sources claim that a customer called the service centre after receiving warnings from the vehicle’s instrument cluster. The customer was instructed by the service staff at Tata Motors to exit the vehicle right away and stand at a safe distance.

According to sources, “the vehicle would be inspected at the company’s R&D centre. Experts from Tata Motors will investigate the possible causes and identify the root cause which may have led to the fire”.

However, sources said the company feels that it was unlikely that any issues with the cell led to the fire.

“Even if it’s a one-off case, the company would do what’s required to prevent such cases in future,” Tata Motors has said.

Later, firefighters were seen spraying water to curb the fire.

Top in electric cars

Tata Motors sells at least 2,500-3,000 Nexon EVs every month and is the highest-selling electric car in India. The company has so far sold over 30,000 Nexon EVs.

In the electric two-wheeler segment, there have been many incidents of vehicles catching fire in the recent past. Electric two-wheeler majors like Ola Electric, Okinawa Autotech and PureEV had recalled their scooters in the wake of separate fire incidents.

The fire incidents had prompted the government to form a panel to examine and had warned companies of penalties if they were found to be negligent.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow