New Delhi: Tata Motors on Thursday said it has decided to cut prices of Tigor EV by up to ₹80,000 with immediate effect in order to pass the benefits of reduced GST on such models.
"In light of the recent announcement made by the government to slash the GST rates of all electric-powered vehicles from 12% to 5%, the price of Tata Motors’ EVs will be reduced by up to ₹80,000 starting August 2019," Shailesh Chandra, president, electric mobility business and corporate strategy, at Tata Motors said in a statement.
The price reduction will be valid across all the variants of Tigor EV - XE (Base), XM (Premium) and XT (High), he added.
The Tigor EV which was earlier priced between ₹12.35-12.71 lakh (ex-showroom, Mumbai) will now be available at a starting price of ₹11.58-11.92 lakh, Chandra said.
However, these prices do not include the FAME subsidy and TCS (tax collected at source), he added.