Discounts on Tata Nexon EV:

• For the MY2023 Nexon EV, customers can enjoy benefits of up to Rs 75,000, encompassing a Rs 50,000 cash discount, Rs 20,000 exchange bonus, and Rs 5,000 corporate discount across all variants.
• The MY2024 Nexon EV also offers substantial savings of up to Rs 55,000, applicable to the Empowered + LR and Empowered + LR Dark variants.

Discounts on Tata Tiago EV:

• Buyers of the MY2023 Tiago EV can avail of discounts of up to Rs 72,000, including a generous Rs 50,000 green bonus, Rs 15,000 exchange bonus, and Rs 7,000 corporate discount across the entire range.
• Meanwhile, the MY2024 Tiago EV long-range variants present benefits of up to Rs 52,000, with mid-range variants offering benefits worth up to Rs 37,000 this month.

Vehicle Specifications:

• The Nexon EV is available in MR and LR variants, offering ARAI-certified ranges of 325km and 465km respectively.
• Equipped with a 30kWh battery, the Tiago EV mid-range variant boasts a 250km range, while the long-range variant, with its 24kWh battery, extends the range to 315km.

With these compelling discounts and benefits, Tata Motors aims to make electric mobility more accessible and appealing to Indian consumers. Don’t miss out on this opportunity to embrace eco-friendly driving while enjoying significant savings. Remember to check with your local dealer for exact discount figures and availability.

The SUV segment dominated with over 50% of total car sales in FY24, with five SUVs among the top 10 best-selling cars in India. Hatchbacks comprised three entries, while one each belonged to the sedan and MPV categories. In terms of segment share within the passenger vehicle (PV) industry, SUVs led with 50.4%, followed by hatchbacks (27.8%), MPVs (9.3%), sedans (9%), and vans (3.5%). SUVs, MPVs, and vans witnessed growth, whereas hatchbacks and sedans saw a decline in market share.

Maruti Suzuki India claimed six models among the top 10 best-sellers in FY24, while Tata Motors secured two spots, and Hyundai Motor India and Mahindra & Mahindra each had one.

Maruti Suzuki WagonR continued its dominance with sales of 200,177 units in FY24, retaining its top spot from FY22 and FY23. Following closely were Maruti Suzuki Baleno with 195,607 units and Maruti Suzuki Swift with 195,321 units, showcasing Maruti Suzuki’s stronghold in the hatchback segment.

Tata Nexon continued to lead the SUV segment with 171,697 units sold in FY24, maintaining its top position from FY22 and FY23. Tata Punch followed suit with 170,076 units, while Maruti Suzuki Brezza, a competitor to the Nexon, secured 169,897 units.

In the sedan category, Maruti Suzuki Dzire performed impressively with sales of 164,517 units in FY24.

Hyundai Creta emerged as the best-selling mid-size SUV with 161,653 units sold in FY24. Maruti Suzuki Ertiga stood as the lone MPV with sales of 149,757 units, while Mahindra Scorpio, including N and Classic variants, secured the 10th position with 141,462 units sold in FY24.

10 largest-selling cars in India in FY24

• Maruti Suzuki WagonR – 200,177 units
• Maruti Suzuki Baleno – 195,607 units
• Maruti Suzuki Swift – 195,321 units
• Tata Nexon – 171,697 units
• Tata Punch – 170,076 units
• Maruti Suzuki Brezza – 169,897 units
• Maruti Suzuki Dzire – 164,517 units
• Hyundai Creta – 161,653 units
• Maruti Suzuki Ertiga – 149,757 units
• Mahindra Scorpio – 141,462 units

In the highly competitive landscape, Maruti Suzuki India secured three models in the top 10 best-selling SUVs, while Tata Motors, Hyundai Motor India, and Mahindra & Mahindra each had two representations. Kia India also made its mark with one model. Notably, the top eight SUVs achieved impressive wholesale figures, surpassing 10,000 units each. Additionally, both the Hyundai Creta and the Mahindra Scorpio achieved their highest-ever monthly sales volumes.

Securing the top position in the February 2024 SUV rankings, the Tata Punch recorded remarkable sales of 18,438 units. Following closely, the Maruti Suzuki Brezza claimed the second spot with 15,765 units sold. Notably, the Hyundai Creta achieved its highest monthly sales since its inception, with 15,276 units. The Mahindra Scorpio, including N and Classic variants, also scored its best-ever monthly sales figure of 15,051 units.

The Tata Nexon secured its position with 14,395 units, followed by the Maruti Suzuki Fronx with 14,168 units. Another Maruti Suzuki model, the Grand Vitara, claimed the third spot among the best-sellers, selling 11,002 units. The Mahindra Bolero proved its popularity with sales of 10,113 units. Kia’s representation on the list was the Kia Sonet, which garnered 9,102 units. Closing the list of best-selling SUVs was the Hyundai Venue, selling 8,933 units.

The SUV market continues to thrive, with the Tata Punch and Maruti Suzuki Brezza leading the way, showcasing the diverse range of options available to consumers in February 2024.

Top 10 selling SUVs in February 2024

1. Tata Punch – 18,438 units
2. Maruti Suzuki Brezza – 15,765 units
3. Hyundai Creta – 15,276 units
4. Mahindra Scorpio – 15,051 units
5. Tata Nexon – 14,395 units
6. Maruti Suzuki Fronx – 14,168 units
7. Maruti Suzuki Grand Vitara – 11,002 units
8. Mahindra Bolero – 10,113 units
9. Kia Sonet – 9,102 units
10. Hyundai Venue – 8,933 units

Tata Passenger Electric Mobility MD Shailesh Chandra shared information about the upcoming lineup at the Punch EV launch. He revealed that all upcoming passenger EVs will feature the advanced Acti.EV architecture, starting with the recently launched Punch EV.

The much-awaited Curve EV will be the next member of Tata’s EV family, which is set to hit the market in the coming months. Positioned above the Nexon EV, the Curve EV adopts a four-door SUV-coupe body style, strategically positioning itself in the mid-size EV SUV segment. The move aims to gain a lead in the market before competitors like the Hyundai Creta EV arrive.

Taking a closer look, the Harrier EV is expected to be launched by the end of this calendar year. Based on the Harrier EV concept showcased at the Auto Expo, it integrates the Land Rover-derived Omega architecture with Tata’s Gen 2 EV architecture. This combination introduces a re-engineered platform for electrification, promising a unique offering in the SUV segment.

Looking towards 2025, Tata Motors plans to revive the iconic Sierra nameplate with the introduction of the all-new Sierra EV. Additionally, an electric version of the popular Altroz hatchback, the Altroz EV, is also on the cards, further diversifying Tata’s EV lineup.

With these strategic launches, Tata Motors aims to not only expand its EV offerings but also establish itself as a leader in the electric mobility revolution in the Indian automotive landscape.

Strategic Expansion: Tata Motors has expanded its EV portfolio with the Punch EV, which joins the range of Tiago EV, Tigor EV and Nexon EV. The company is set to introduce the Curve and Harrier EV in 2024, with plans to introduce additional models like the Sierra EV and Altroz EV for the following year.

Volume contribution and revenue projections: The company estimates EVs to contribute 12-15% in terms of volumes (17-20% in revenues) and aims to grow it to 15-17% by the end of 2024. Tata Motors envisions continued growth, achieving 25% EV penetration in its portfolio over the next three years and reaching an ambitious target of 50% by 2030.

The unique positioning of Punch EV: Shailesh Chandra, MD, Tata Passenger Electric Mobility, presents Punch EV as unique, catering to the needs of young buyers seeking a versatile product. Positioned between the Tiago EV and Nexon EV, the Punch EV targets tech-savvy consumers with a range of over 400 km, making it suitable for a variety of driving scenarios.

Capacity addition: Tata Motors is set to address the potential waiting period for the Punch EV by increasing production capacity at its new operational plant in Sanand, Gujarat. The company aims to keep waiting times within reasonable limits to meet the growing demand.

Gen-2 EV Architecture: With the transition of Punch EV to Gen-2 ground-up EV architecture (ACTI.EV), Tata Motors marks a significant increase in EV-related investments. The company believes that the niche positioning of the Punch EV minimizes cannibalization in its EV portfolio.

Leading the EV market, Tata Motors envisions a future where electric vehicles will play a central role in its product lineup, meeting the needs of a variety of consumers. As the automotive landscape undergoes a paradigm shift, Tata Motors remains at the forefront, committed to bringing about the electric revolution in India.

The Punch EV Nexon differentiates itself with an EV-inspired design, which includes a bold front end, a full-width LED light bar and a distinctive split headlamp setup. A look at the interior reveals a tech-savvy cabin with a 10.25-inch touchscreen, a two-spoke steering wheel and a jewel-like rotary drive selector. Notably, the top-tier Punch EV adopts first-of-its-kind features for a vehicle of its size, including ventilated front seats and a wireless charger.

Offering two variants – Standard and Long Range – with 25kWh and 35kWh battery packs respectively, the Punch EV incorporates the Active.EV modular platform, ensuring a strong range and efficient charging options. Priced between Rs 10-13 lakh, it squarely challenges the Citroen eC3, which is set to carve its niche between the Tiago EV MR and Nexon EV MR in the Indian electric vehicle landscape. Get ready for an electrifying drive with Tata’s game-changing Punch EV!