Statement by Tata Motors on GST rates slash for electric vehicles
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.