Tata Motors has introduced a first of its kind subscription model for electric vehicles (EV). Designed to make EVs more accessible to a rapidly growing base of future conscious citizens, the carmaker is making available its flagship electric car, the Tata Nexon EV at an all-inclusive fixed rental starting at just Rs. 41,900/- per month. Read – Tata Nexon EV With Higher Range Might Come In Future
Discerning customers can select the tenure of their subscription from a minimum period of 18 months to 24 and 36 months. Through a collaboration with Orix Auto Infrastructure Services Limited, amongst India’s top leasing companies, this service is being offered in 5 major cities – Delhi/NCR, Mumbai, Pune, Hyderabad and Bengaluru, during the inaugural phase of the launch.
| Flexible Tenure | Monthly Subscription Rate (inclusive of Taxes) |
| 36 months | Rs. 41,900 |
| 24 months | Rs. 44,900 |
| 18 months | Rs. 47,900 |
With no hassle of vehicle registration and road tax, the entire process of subscribing to the Tata Nexon EV has been made seamlessviaend-to-end digital engagement. Additional benefits include comprehensive insurance coverage, on call roadside assistance plus free maintenancewith periodic servicing and doorstep delivery. Additionally, customerscan have their own EV charger installed at their home or office, as convenient.
Commenting on the new EV subscription programme, Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors said, “EVs are the future, and as the leader of this fast growing segment, Tata Motors is committed to popularise their access and use in India. With this novel subscription model, we are making it more convenient for interested users of EVs to experience their myriad benefits. It is ideal for customers preferring ‘usership’ over ownership in the rapidly growing era of shared economy.” Read – Tata Nexon To Get Dual-Clutch Automatic Gearbox
The subscription model is customised and perfectly suited for corporates who prefer to lease, individuals with frequent inter-city job transfers, and expatriates who stay for a fixed tenure, among others. Further, the partnering with Orix Auto provides a comprehensive value proposition, inviting customers to easily experience the magic of EV. Post the tenure of their subscription, customers can either choose to extend it or just return the vehicle.
