Earlier reports had said that Tata Motors had quoted the lowest price for their electric Tigors at Rs. 10.16 lakh a piece exclusive of GST. All found with a comprehensive 5-year warranty on each vehicle, however, Tata motors quoted Rs 11.2 lakh. Which EESL said was 25% of the cost of the current retail price of a similar EV with a three-year warranty.
This whole tender and all is the government’s first steps toward a 2030 all EV goal. Now while most experts will tell you that even a 30% conversion will be difficult, the government has been very vocal about seeing it through. Tata Motors has been behind Mahindra in the electric game thus far, considering that Mahindra not only fields their own Formula E car but also have retail ready EVs on sale now, with the E20 and EVerito.
Anand Mahindra is being very vocal about the electric paradigm shift, but the big question remains, do we really have a grid strong enough to sustain an all-EV diet? Most experts will say that even a 30% switch to EVs by 2030 will be a huge strain on our already overloaded power lines.
Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.