Tata Motors open to offer Tata Nexon EV for fleet buyers

Tata Motors is open to selling its recently launched Tata Nexon EVs to the fleet customer, as stated by Shailesh Chandra, President, Electric Mobility Business Unit, Tata Motors. In an interaction with livemint.com, Mr Chandra was shedding light on Tata Motors’ positioning of the Nexon EV in the personal vehicles segment.

I won’t say that I won’t position the Nexon EV in the commercial segment, it means a lot for driving my EV volumes in the future. However, I will be very selective. For example, I will be open to giving my Nexon EVs to Taj (Hotels) as it would only enhance my brand.

Shailesh Chandra, President, Electric Mobility Business Unit, Tata Motors to LiveMint.

Tata Nexon EV was launched in three variants – XM, XZ+ and XZ+ LUX – priced at Rs 13.99 lakh, Rs 14.99 lakh and Rs 15.99 lakh ex-showroom respectively, targeting private car owners. This makes the first two variants suitable for the commercial fleet to be eligible for benefits under the FAME 2 scheme. Under the FAME 2 scheme, commercially registered electric cars priced below Rs 15 lakh are allowed incentives up to 20% off the ex-factory price with a maximum cap of Rs 3 lakh or Rs 10,000 per kWh on the battery capacity, whichever is lower. This is additional to a reduced GST rate of 5% on electric vehicles. Many states are also considering exempting electric vehicles from registration charges.

Tata Motors hasn’t yet decided yet on the fleet but will be studying Nexon EV’s sales for the next couple of months and acquire feedback. Mr Chandra feels that the decision to sell the car for fleet applications depends on what those applications do, either to enhance the brand or to drive the EV demand forward.

[Source: livemint.com]