Statement by Tata Motors on GST rates slash for electric vehicles
By MotoArc August 1, 2019
In light of the recent announcement made by the government to slash the GST rates of all electric-powered vehicles from 12% to 5%, the price of Tata Motors’ EVs, will be reduced by up to Rs. 80,000 starting August 2019. The price reduction will be valid across all the variants of Tigor EV – XE (Base), XM (Premium) and XT (High). The Tigor EV which was earlier priced between Rs. 12.35–12.71 Lakhs (ESP Mumbai) will now be available to customers at a starting price of Rs. 11.58–11.92 Lakhs. However, these prices do not include the FAME subsidy & TCS,” said Mr. Shailesh Chandra, President – Electric Mobility Business and Corporate Strategy, Tata Motors Ltd.