Tata Motors announce a sudden 85K price slash on their flagship EV SUV Car Tata Nexon thanks to the upcoming launch of M&M Electric SUV. Not only reduced price an increase in the range i.e 453 Km in Electric Nexon Max was also announced.
Tata Nexon EV is an electric SUV by Tata Motors. It has a range of up to 312km on a single charge, which has now been increased to 453km in model Max. M&M recently announce their maiden Electric SUV XUV 400.
Tata Motors Shares also tumbled following the announce by M&M. Tata Motors has enjoyed the monopoly in the Electric SUV market until now. Hyundai, M&M are the new players in Electric SUV market in India and the competition is only going to get fierce. Although Tata Motors is much ahead of other Car makers in India in the Electric Car category but slowly other car makers are catching up as Hyundai also launched its IONIC 5 Electric SUV at the Auto Expo 2023.
Tata Motors Electric Cars have the most number of models as compared to other car makers in India. Tata Motors is expected to release its most sought after Electric SUV Sierra very soon. Tata Sierra EV is the relaunch of their very popular Sierra Model which ruled the hearts of people when it was launched in the late 90’s. Tata Sierra EV is set to repeat the same enthusiasm with its relaunch in electric avatar.
Tata Motors Share is trading in the range of Rs. 408 and Rs. 403 as of publishing of this report. Tata Motors Share Price target is Rs.460 by February end.