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You Can Rent Out A Tata Nexon EV At A Price Cut Upto Rs 7,500


Subscription plans are currently limited to Delhi/NCR, Mumbai, Pune, Hyderabad and Bengaluru for now

 

  • The short term-plan has also been reduced to a 12-month time period.

  • Discounts range from Rs 7,000 to Rs 7,500.

  • Offer only available till November 30 and limited to the first 100 subscribers.

Last month, Tata Motors introduced more incentives for the Nexon EV via a subscription plan for those who wanted to own the electric SUV but couldn’t commit to one. Essentially, you get a new Nexon EV for a particular time period and you pay rent every month. And now, the carmaker has reduced subscription rates for the Nexon EV till November 30 2020 and available only to the first 100 subscribers. Instead of plans starting at Rs 41,900 per month over a period of 36 months, you now only have to pay Rs 34,900 per month. Here’s a better look at the revised rates:

Tenure

Old Monthly Plan (Inclusive of taxes)

Monthly Plan (Inclusive of taxes)

Difference

12 months

Rs 47,900 (18 months)

Rs 41,500

- Rs 7,500

24 months

Rs 44,900

Rs 37,500

- Rs 7,500

36 months

Rs 41,900

Rs 34,900

- Rs 7,000

 

The above table indicates that the rates cuts range from Rs 7,000 to Rs 7,500 depending upon the plan. Another notable change is in the short-term plan, which has been cut to a 12 month period rather than an 18 month period originally. 

Tata Motors continues to offer only the mid-spec XZ+ variant under this plan. A charger will be set up at your home and the EV delivered at your doorstep. There are a variety of benefits for opting for a subscription plan which includes the subscription fee covering the registration fees, comprehensive insurance, routine maintenance and road-side assistance.  

Post the subscription period, you can either extend your tenure or return the vehicle. You can also buy it outright by paying a settlement fee. These subscription plans continue to be limited to the  Delhi/NCR, Mumbai, Pune, Hyderabad and Bengaluru.

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