Tata Motors cuts Tigor EV price by up to Rs 80,000; company to pass benefits of reduced GST

New Delhi: Tata Motors on Thursday said it has decided to cut prices of Tigor EV by up to Rs 80,000 with immediate effect in order to pass the benefits of reduced GST on such models. [caption id=“attachment_7095871” align=“alignleft” width=“380”] Tata Tigor EV. Image courtesy-Tata Motors.[/caption] “In light of the recent announcement made by the government to slash the GST rates of all electric-powered vehicles from 12 percent to 5 percent, the price of Tata Motors’ EVs will be reduced by up to Rs 80,000 starting August 2019,” Shailesh Chandra, president, electric mobility business and corporate strategy, at Tata Motors said in a statement. The price reduction will be valid across all the variants of Tigor EV - XE (Base), XM (Premium) and XT (High), he added. The Tigor EV which was earlier priced between Rs 12.35-12.71 lakh (ex-showroom, Mumbai) will now be available at a starting price of Rs 11.58-11.92 lakh, Chandra said. However, these prices do not include the FAME subsidy and TCS (tax collected at source), he added.