Carmakers often offer enticing benefits to woo customers and spur demand.
For the month of August 2024, there are huge discounts on EVs. If you were planning to jump onto the EV bandwagon, this might be the right time. EVs are slowly gaining traction and market share in India. In fact, the last couple of years have been exceedingly lucrative for this space. We have witnessed new products from multiple players. Apart from that, the entire range of the price spectrum is starting to be inhabited by electric cars. This ranges from entry-level mass-market EVs to high-end premium ones. Going forward, things are only going to expand.
Discounts on EVs in August 2024
| EV | Discount (upto) |
| Tata Tiago EV | Rs 50,000 |
| Tata Punch EV | Rs 30,000 |
| Tata Nexon EV | Rs 1.80 lakh |
| Mahindra XUV400 | Rs 90,000 |
Tata Tiago EV
The first vehicle on this list of discounts on EVs in August 2024 is the Tata Tiago EV. It is the most affordable electric car from the Indian auto giant. It is based on the ICE version of the Tiago hatchback. People looking to enter this space can go for it. It strikes a great balance between affordability and modernity. For August, there are enticing offers of up to Rs 50,000 on the Tiago EV. The details are as follows:
- Tiago EV Medium Range (MR) – Rs 10,000
- Tiago EV Long Range (MR) – Rs 50,000 (XT) / Rs 40,000 (XZ+)
Tata Punch EV
Then we have the Tata Punch EV. It was the first electric car to use Tata’s bespoke Acti.ev architecture. The recently launched Curvv.ev is the second EV to be based on this platform. Punch EV also boasts the bragging rights for being the safest car in the country in the Bharat NCAP testing. It offers buyers a great opportunity to own a micro SUV with the latest tech and convenience features along with a decent road presence. Again, most elements are borrowed from the regular ICE variant. The benefits are up to Rs 30,000. The breakdown is:
- Tata Punch EV Medium Range (MR) – Rs 10,000
- Tata Punch EV Long Range (LR) – Rs 30,000
Tata Nexon EV
The final Tata product on this list of huge discounts on EVs in August 2024 is the Nexon EV. It holds the distinction of being the highest-selling EV in the country by a mile. The success of the ICE Nexon has translated well to the EV version as well. After the latest updates a few months ago, the Nexon EV has become immensely appealing. It bears an ultra-modern design, the tech and connectivity amenities are handy, the price point is decent and the safety is top-notch. All these factors combine to make it a compelling proposition. This month, you are eligible to avail of incredible offers on it. These include:
- Tata Nexon EV Medium Range (MR) – Rs 1 lakh (except Creative Plus which gets Rs 20,000)
- Tata Nexon EV Long Range (LR) – Rs 1.8 lakh (Empowered)
Mahindra XUV400
Even though the Indian EV market is totally dominated by Tata Motors, Mahindra also offers the XUV400 to offer some competition. It is, essentially, the electric avatar of the regular XUV300. In fact, it would be interesting to see if we will get an updated XUV400 based on the XUV3XO. In any case, the EV version is longer than the ICE variant since EVs are not bound by the tax implications based on the 4 m-length rule. That makes it particularly attractive since it is larger than the Nexon EV. Furthermore, the extended length has gone into increasing the boot capacity, which was a major flaw in the ICE version. There are some enticing offers worth up to Rs 90,000 on the EV this month. The details are:
- Cash Discount – Rs 50,000
- Exchange Bonus – Rs 30,000
- Corporate Offer – Rs 10,000
Also Read: Top 5 Discounts on SUVs in August 2024 – Safari to Grand Cherokee
