On Thursday, Tata Motors said that it has introduced a subscription model for the electric avatar of its compact SUV Nexon. In which it is going to be paid to EV users at fixed monthly rent.
Tata Motors said in a statement that electric vehicles (EV) have been made easier due to the increasing number of aware citizens for the future. The motive behind which is to provide its electric vehicle Tata Nexon EV at fixed monthly rent. Users can choose the subscription term according to their convenience, which is for 18 months, 24 months and 36 months.
In the tenure of 18 months, users will have to pay a subscription fee of Rs 47,900 per month. In a gap of 24 months, customers are going to get subscription fees of Rs 44,900 per month. Users will have to pay a subscription fee of Rs 41,900 per month during the tenure of 36 months. Tata Motors has joined hands with leasing firm Orix Auto Infrastructure Services to offer it in the inaugural phase in five cities like Delhi / NCR, Mumbai, Pune, Hyderabad and Bangalore. Shailesh Chandra, President, Passenger Vehicle Business Unit of Tata Motors, said that in the coming years' electric vehicles are going to dominate the market. Electric vehicles are proving to be very economical in terms of the environment.