How much is the subsidy on Tata Nexon EV?

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How much is the subsidy on Tata Nexon EV?

 

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Tata Nexon EV Subscription is an exciting and convenient way of accessing the personal driving experience, without having to buy a car. Under the program, you can access a brand-new Tata Nexon EV for flexible tenures of 12, 24 or 36 months at an all-inclusive fixed monthly subscription cost.

 

An invigorated Tata Motor's is planning an EV led, new model offensive to further accelerate its galloping sales growth and consolidate its first mover gains in India’s nascent EV market. A newly established subsidiary, TP EML, infused with funding of Rs 7,500 crore, will lead the charge. Tata Motors’ new EV division has ambitious plans to have a portfolio of 10 EV within the next five years.

 

 

 

To take advantage of the N exon EV’s runaway success, Tata Motors is developing a bigger, all-electric couple version of the N exon as a key model in its EV portfolio. There will also be an IC engine version.

 

Originally conceived as a mid-size SUV back in 2018 to rival the likes of the Hyundai CRE TA, The N exon Couple will in essence be a stretched version of the current N exon with a new coupe body style, designed to accommodate both petrol and diesel engine options. The project was shelved in order to save money, given the struggling performance of Tata Motor's before the pandemic hit. However, after Tata Motor's change of fortunes, the company has decided to revive the project with plans to launch an EV version of the N exon Coupe with an IC engine derivative to follow. 

 

 

 

The Couple will share the same platform (X1) as the current N exon and both body styles will have a lot in common. The A-pillar, windscreen, front doors will remain unchanged and its only aft of the B-pillar that the body is all-new. The rear doors are longer as is the tapering roof which meets an all-new rear end with a large overhang. The extension at the rear is expected to deliver more rear seat legroom and substantially more boot space. Sources tell us that the wheelbase is approximately 50 mm longer, achieved by a change to the wheel geometry, whilst the overall length is around the 4.3 meter mark which in terms of size, puts the of the N exon Couple smack in the middle of the mid-size SUV segment. Design is expected to be a big differentiator for the N exon Couple which apart from its sportier body style will also get a completely redesigned nose to differentiate it from its sub-4 meter sibling.

 

 

 

According to company sources, the N exon Couple will be launched as a pure EV first. There are no details on the powertrain but it is fair to assume that it will use the same electric drive as the current N exon EV but with a larger 40 kWh battery pack that is expected in long range N exon EV this quarter. By the time the N exon Coupe is launched, which won’t be anytime before 2023, it is also likely that Tata Motors will have upgraded the standard N exon EV’s electric motor with more power and torque than the current 129hp and 245 Nm output. 

 

 

 

Despite its larger dimensions, the N exon EV Coupe will enjoy the same tax advantages as the standard sub- 4m N exon EV since all EVs pay a flat 5 percent GST regardless of their dimensions. However that won’t be case for the IC engine variants which will get no benefit from the 1.2 turbo-petrol that allows the smaller N exon to sit in the lower sub-4 meter tax bracket

 

 

 

 

 

Hence it makes no sense to use the 1.2 turbo-petrol for the N exon Couple version for two reasons; firstly there is no tax advantage as the Coupe is longer than 4 meters but more importantly, the 120 hp 1.2, turbo-petrol would be too underpowered for this bigger and heavier variant. Hence, the N exon Couple is likely to come with a bigger 1.5 turbo-petrol developing an estimated 160hp. This engine, which is the four-cylinder version of the modular 1.2 three-cylinder unit, was initially destined for the Harrier and Safari until the company put this engine in cold storage due to tough market conditions and because it was not feasible to develop it for just one or two low volume models. However, with the N exon Coupe now greenlighted for a market launch, plans to produce this bigger petrol motor have also been revived.

 

 

 

 

 

Tata Motor's isn’t giving up on diesel engines anytime soon either and the N exon Couple will also be powered by the company’s tried-and-tested though mediocre 110 hp 1.5 diesel. But to meet the 2023 deadline for BS6 Stage 2, this motor will be upgraded not just to meet the tougher emission norms but with a little, bit more power as well. Hence, it is likely the N exon Couple by the time it reaches showrooms will have a newer and upgraded 1.5 diesel.

 

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For the more popular models, it is around nine to ten weeks and for electric vehicles, it is up to six months waiting time.” According to Balaji, in an ideal situation, a customer can wait for “a maximum of 30 days”.

 

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I am a science tuition teacher. Here I am sharing my career experiences with the surrounding issues in the form of writing in order to motivate youth towards a healthy, balanced, joyful life.(M.Sc., Ph.D.) **I would be greatly benefited if any kind hearted person would help me financially. Right now I'm standing in the middle of life and death. My google pay number--To: SADHAN SIL [ info.sadhan1988@oksbi ] God will always help you.**