Tata Motors is promoting electric vehicle sales. The company has got two electric cars in its portfolio – the Tigor and Nexon. The Tata Nexon electric vehicle is now available on subscription. This is the first time that any company has introduced a subscription model in India for its EVs. The Tata Nexon EV subscription plan is through Orix Auto Infrastructure. Orix as we are well aware, is a car leasing and rental company. Currently the subscription plan on the Nexon EV is available in five cities – Delhi-NCR, Mumbai, Bengaluru, Pune and Hyderabad. Customers can logon to this website for subscribing to the Nexon EV.
Only the top-spec XZ+ model is available on subscription and in three colours. These colours are Teal Blue, Moonlit Silver, and Glacier White. To know more about the subscription plan, scroll down.
What all is included in the Tata Nexon electric vehicle subscription?
If one goes to the above website, they have an option to subscribe. A refundable Rs 50,000 deposit has to be paid first. Then the monthly tenure has to be selected. Post this, the customer will be given the subscription amount for that period. We must say it seems quite steep but given that there is no downpayment, it is a bit sweet. For 18 months, the subscription amount is Rs 47,900, for 24 months it is 44,900 and for 12, the amount is Rs 41,900. These prices are inclusive of taxes, registration fees, insurance and maintenance of the vehicle.
Once the vehicle is booked online, it will be delivered within 45-60 days. A free inspection of the customer’s premises will be done and the regular charger fitted at no extra cost. What’s more the entire process is digitised, with the vehicle delivered to the doorstep. Customers can opt to buy the car after the subscription period is over by paying a certain fees. They can also terminate the contract after completing a certain number of months into it. A termination fee will be applicable too.
It is likely that if a customer doesn’t buy the Tata Nexon electric vehicle after its subscription tenure, Orix might use it in its fleet. The Tata Nexon EV promises a range of 312km, 0-100kmph in under 10s and a charging time of 0-80% in a hour (fast charging). The car is built on the same structure as the regular Nexon and hence should have five star crash safety rating too. \
In other news, television actress Mandira Bedi got herself a new Tata Nexon EV. The EV seems to be mid-spec as there is no sunroof visible in the images. Prices of the Tata Nexon EV begin from Rs 13.99 lakh, ex-showroom.
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