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Tata Nexon Electric Demand Surges in India, Nears Diesel Variant Sales Says CFO: Report

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Electric Vehicles are the future of the automobile industry. They are not only eco-friendly but also offer a variety of sophisticated features. It was till now believed that the switch from diesel or petrol cars to EVs has not been much. But that seems to be not the case. Take for example the Tata Nexon. The demand for the EV version is as high as Tata Nexon diesel variant. The Tata vehicle is available in all three engine options — diesel, petrol and EV. Tata Nexon EV is also the highest selling electric vehicle in India at present.

PB Balaji, Chief Finance Officer of Tata Motors told GaadiWaadi that the Indian carmaker has got an “almost similar” number of bookings for Nexon EV in comparison to Nexon diesel. He opined that it is the combo of subsidies provided by the government and FAME-II benefits that has led to the vehicle’s demand. He revealed that Tata is hoping to witness a 5% share for Nexon EV in its total sales volume. As of now, 650 units of the Nexon EV have been sold since July 2021.

Currently, the Nexon EV has a 71% share in the electric vehicles segment. Till now, Tata Motors has registered a sale of 1,716 units in the first quarter of the ongoing financial year. The EV version of the SUV is offered with Sport and Normal driving modes.

The four-wheeler draws its power from a magnet DC motor that churns out a peak power output of 127 PS and 245 Nm of maximum torque. The engine is powered by a 30.2 kWh, high-voltage, lithium-ion battery pack. The car that can go from 0-100 mph in only 9.9 seconds is priced from Rs. 13.99 lakh (ex-showroom). Tata Motors has also launched the Dark Edition of Nexon EV.

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