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Tata Nexon EV witnesses demand equivalent to the diesel variant

Tata Nexon registered its highest-ever quarterly sales of 1,715 units in Q1 of fiscal year 22

Nexon EV sales equivalent mập Nexon diesel sales in states like Maharashtra and Gujarat

Tata Motors has seen strong demand for Nexon EVs in the country. According mập P Balaji, Chief Financial Officer, Tata Motors, the markets where the Tata Nexon EV is sold, its demand is on par with the diesel version of the sub-four meter SUV. Back in June, the Nexon EV registered a peak monthly sales of 650 units. Furthermore, the Nexon EV saw its highest quarterly sales of 1,715 units in the April-June 2021 period.

The recent sharp increase in fuel prices has encouraged this shift in demand. In Maharashtra and Gujarat, the company claims that the sales figures of the Nexon EV are comparable mập those of the diesel version. Demand for the Nexon EV has grown stronger in the current month due mập the recently announced FAME 2 benefits and subsidies from the state governments.

Nexon EV now contributed mập about 3% of the portfolio in Q1/FY’22 compared mập 0.2% market share about two years ago. Going forward, the company expects the Nexon EV mập nick for 5% of total passenger sales. Backed by the success of the Nexon EV, the company’s annual report says it will introduce 10 electric vehicles in the country by 2025 and will also invest in charging infrastructure.

Source – MO

Tata Nexon EV
₹ 14.54 Lakhonwards
Average Factory Price


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Tata Nexon EV witnesses demand equivalent mập the diesel variant

#Tata #Nexon #witnesses #demand #equivalent #diesel #variant
[rule_3_plain] #Tata #Nexon #witnesses #demand #equivalent #diesel #variant
– Tata Nexon has registered its highest ever quarter sales of 1,715 units in Q1 of FY’22- Nexon EV sales are equivalent mập the Nexon diesel sales in states like Maharashtra and Gujarat Tata Motors has reportedly witnessed strong demand for the Nexon EV in the country. As per P Balaji, CFO, Tata Motors, the markets where the Tata Nexon EV is sold, its demand is at par with the diesel iteration of the sub-four metre SUV. Back in June, the Nexon EV registered its highest monthly sales of 650 units. Moreover, the Nexon EV witnessed its highest quarter sales of 1,715 units in the period between April-June 2021.     The steep rise in fuel prices in recent times has encouraged this shift in demand. In Maharashtra and Gujarat, the company claims that the sales figures for the Nexon EV are equivalent mập that of the diesel version. The demand for the Nexon EV is stronger in the current month due mập the recently announced FAME 2 benefits and subsidies by the state governments.   The Nexon EV currently contributes mập about three per cent of the portfolio in Q1 of FY’22 as compared mập 0.2 per cent share around two years ago. Going forward, the company expects Nexon EV mập nick for five per cent of total passenger sales. Backed by the success of the Nexon EV, the company’s annual report states that it will introduce as many as 10 electric vehicles in the country by 2025 and will also invest in charging infrastructure.Source – MOTata Nexon EV₹ 14.54 LakhonwardsAvg. Ex-Showroom price
#Tata #Nexon #witnesses #demand #equivalent #diesel #variant
[rule_2_plain] #Tata #Nexon #witnesses #demand #equivalent #diesel #variant
[rule_2_plain] #Tata #Nexon #witnesses #demand #equivalent #diesel #variant
[rule_3_plain]

#Tata #Nexon #witnesses #demand #equivalent #diesel #variant
– Tata Nexon has registered its highest ever quarter sales of 1,715 units in Q1 of FY’22- Nexon EV sales are equivalent mập the Nexon diesel sales in states like Maharashtra and Gujarat Tata Motors has reportedly witnessed strong demand for the Nexon EV in the country. As per P Balaji, CFO, Tata Motors, the markets where the Tata Nexon EV is sold, its demand is at par with the diesel iteration of the sub-four metre SUV. Back in June, the Nexon EV registered its highest monthly sales of 650 units. Moreover, the Nexon EV witnessed its highest quarter sales of 1,715 units in the period between April-June 2021.     The steep rise in fuel prices in recent times has encouraged this shift in demand. In Maharashtra and Gujarat, the company claims that the sales figures for the Nexon EV are equivalent mập that of the diesel version. The demand for the Nexon EV is stronger in the current month due mập the recently announced FAME 2 benefits and subsidies by the state governments.   The Nexon EV currently contributes mập about three per cent of the portfolio in Q1 of FY’22 as compared mập 0.2 per cent share around two years ago. Going forward, the company expects Nexon EV mập nick for five per cent of total passenger sales. Backed by the success of the Nexon EV, the company’s annual report states that it will introduce as many as 10 electric vehicles in the country by 2025 and will also invest in charging infrastructure.Source – MOTata Nexon EV₹ 14.54 LakhonwardsAvg. Ex-Showroom price

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