Let’s face it – the EV scene in India is next to negligible. And it will be years before zero-emissions vehicles account for a sizable market share. So, what should companies do with their existing EVs in the market? Apart from hoping that people understand the pluses of such a vehicle, they could also opt for alternate solutions to get the car out on the road. Tata Motors has done just that and introduced a subscription model for its flagship EV – the Nexon EV.

Tata Motors has joined forces with Orix Auto Infrastructure Services Limited to provide the EV on lease in five cities – Delhi/NCR, Mumbai, Pune, Hyderabad and Bengaluru. Those interested must pick from one of the three pre-defined tenures for renting the Nexon EV – 18 months, 24 months and 36 months. Monthly rentals for them are Rs 47,900, Rs 44,900 and Rs 41,900, respectively. Those charges include a comprehensive insurance cover for the vehicle, membership to roadside assistance and free maintenance with periodic servicing and doorstep delivery. Tata Motors will also provide a wall charger for home or office, as per the customer’s convenience.

Once the subscription tenure expires, the customer can either choose to extend it or return the vehicle. Car leasing works quite well for those who come to a city for a limited period and don’t want to spend on maintaining a car.

Presently, Tata Motors offers the Nexon EV in three variants – XM, XZ+ and XZ+ Lux. Their prices, in the same order, are Rs 13.99 lakh, Rs 14.99 lakh and Rs 15.99 lakh. For subscription, if you opt for the 36 months package, you’d be paying a total of Rs 15.08 lakh. Similarly, a customer will spend Rs 10.78 lakh for the 24 months option, and Rs 8.62 lakh for the 18 months package. The point is that you must account for all those figures before leasing or buying one.

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Rachit Shad Trehan
A car nutter by heart. A hopeless engineer by education. Gunning for one goal - simplify cars.

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