New Delhi: Tata Motors said it has slashed its electric vehicles (EVs) prices by up to Rs 80,000 following government's decision to bring down the GST on electric vehicles to 5%. As of now, Tata Motors offers Tigor EV in the domestic market. The price reduction will be applicable across all the variants. In light of the recent announcement made by the government to slash the GST rates of all electric-powered vehicles from 12 percent to 5 percent, the price of Tata Motors EVs, will be reduced by up to Rs 80,000 starting August," said Tata Motors.
Last week, the GST Council announced slashing of the GST rate on EVs to 5% from 12% to boost the sales of these vehicles in the country. Now, the Tigor EV which was earlier priced between Rs 12.3512.71 lakh (ESP Mumbai) will now be available to customers at a starting price of Rs 11.5811.92 lakh, the company said. However, these prices do not include the FAME (Faster Adoption and Manufacture of (Hybrid and) Electric Vehicles) subsidy & TCS," said Chandra.
