6 August, 2020
Tata Motors, India’s leading automobile manufacturer, today announced the launch of a first of its kind subscription model for electric vehicles (EV). Designed to make EVs more accessible to a rapidly growing base of future conscious citizens, Tata Motors is making available its flagship EV, the Tata Nexon at an all-inclusive fixed rental starting at just Rs. 41,900/- per month. Discerning customers can select the tenure of their subscription from a minimum period of 18 months to 24 and 36 months. Through a collaboration with Orix Auto Infrastructure Services Limited, amongst India’s top leasing companies, this service is being offered in 5 major cities – Delhi/NCR, Mumbai, Pune, Hyderabad and Bengaluru, during the inaugural phase of the launch.
With no hassle of vehicle registration and road tax, the entire process of subscribing to the Tata Nexon EV has been made seamless via end-to-end digital engagement. Additional benefits include comprehensive insurance coverage, on call roadside assistance plus free maintenance with periodic servicing and doorstep delivery. Additionally, customers can have their own EV charger installed at their home or office, as convenient.
|Flexible Tenure||Monthly Subscription Rate
(inclusive of Taxes)
|36 months||Rs. 41,900|
|24 months||Rs. 44,900|
|18 months||Rs. 47,900|
Announcing the launch of this unique EV subscription programme, Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors said, “EVs are the future, and as the leader of this fast growing segment, Tata Motors is committed to popularise their access and use in India. With this novel subscription model, we are making it more convenient for interested users of EVs to experience their myriad benefits. It is ideal for customers preferring ‘usership’ over ownership in the rapidly growing era of shared economy.”
The subscription model is customised and perfectly suited for corporates who prefer to lease, individuals with frequent inter-city job transfers, and expatriates who stay for a fixed tenure, among others. Further, the partnering with Orix Auto provides a comprehensive value proposition, inviting customers to easily experience the magic of EV. Post the tenure of their subscription, customers can either choose to extend it or just return the vehicle.
To know more about the Tata Motors EV Subscription Program, please visit https://evsubscription.tatamotors.com
About Tata Motors
Tata Motors Limited (NYSE: TTM; BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 44 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses. Part of the USD 110 billion Tata group, Tata Motors is India’s largest and the only OEM offering extensive range of integrated, smart and e-mobility solutions. It has operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 134 subsidiaries, associate companies and joint ventures, including Jaguar Land Rover in the UK and Tata Daewoo in South Korea.
With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, Tata Motors is India’s market leader in commercial vehicles and amongst the top four in the passenger vehicles market. With ‘Connecting Aspirations’ at the core of its brand promise, the company’s innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers. Tata Motors strives to bring new products that fire the imagination of GenNext customers, fueled by state of the art design and R&D centres located in India, UK, US, Italy and South Korea. Internationally, Tata commercial and passenger vehicles are marketed in countries, spread across Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS, and Russia.