Tata Motors has confirmed that Tiago EV, the most affordable electric vehicle in the manufacturer's lineup, will see a three to four percent price hike from January onwards. Although the exact amount of the raise has not yet been disclosed, it is anticipated to be between Rs 30,000-35,000.
The Tiago EV was launched by Tata as India's most affordable EV in September 2022. With a price tag of Rs 8.49 lakh (ex-showroom), the hatchback continued to hold its status. However, the company has recently announced that there will be a three to four percent price hike for the electric vehicle in January 2023.
The price increase was expected as Tata Motors had stated at the time of the EV's launch that the introductory cost of the car would only be valid for the first 10,000 customers. Later, due to an overwhelming demand for the Tiago EV, which also caused some early buyers to be unable to finish their online bookings, the offer was extended to the first 20,000 customers.
According to Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles and Tata Passengers Electric Mobility, the hike is not solely a result of the introductory prices. Another aspect is that "battery prices have increased by 30-35 percent, and it is not fully passed on to the buyers.” Recently, the automaker also announced a price hike across its entire model lineup citing reasons like rising input costs, and the same is likely to hold for the price increase of the Tata Tiago EV as well.
In India, the Tata Tiago EV is available with two battery pack configurations. The smaller of the two has a 19.2kWh battery and comes with a 3.3kW AC charger. Similarly, the bigger options include a 24kWh battery pack with 3.3kW or 7.2kW AC charger options. The XE and XT variants comprise a 19.2kWh battery pack, while the XT, XZ+, and XZ+ Tech Lux variants include a 24kWh battery pack.
Depending on the configuration, the Tata Tiago EV costs range from Rs 8.49 lakh to Rs 11.49 lakh (ex-showroom). The most expensive variant, the XZ+ Tech Lux, includes a 7.2kW AC charger and has an MIDC range of 315 kilometres. The 19.2kWh battery pack, on the other hand, promises a range of 250 kilometres.