{"id":1662203,"date":"2022-09-28T10:08:12","date_gmt":"2022-09-28T14:08:12","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1662203"},"modified":"2022-09-28T10:09:16","modified_gmt":"2022-09-28T14:09:16","slug":"tata-motors-launches-10000-electric-car-in-india-to-further-its-lead","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tata-motors-launches-10000-electric-car-in-india-to-further-its-lead\/","title":{"rendered":"Tata Motors launches $10,000 electric car in India to further its lead"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftata-motors-launches-10000-electric-car-in-india-to-further-its-lead%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1662203&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Aditi Shah<\/p>\n<p>NEW DELHI (Reuters) -Tata Motors launched India\u2019s lowest priced electric car at a little over $10,000 on Wednesday as the country\u2019s only electric vehicle (EV) maker looks to draw in more buyers.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Tata leads India\u2019s EV market, helped by government subsidies and high tariffs on imports.<\/p>\n<p>Its move comes as domestic rival Mahindra &#038; Mahindra is in talks with investors to raise up to $500 million for its EV unit and plans to launch its first electric sport-utility vehicle (SUV) in January.<\/p>\n<p>Tata\u2019s Tiago EV, an electric version of its popular Tiago hatchback, will have a sticker price starting from 849,000 rupees ($10,370). The bulk of cars sold in India, the world\u2019s fourth-largest car market, are priced below $15,000.<\/p>\n<p>That is much cheaper than India\u2019s next most affordable EV \u2013 the electric version of Tata\u2019s Tigor compact sedan which starts at around $14,940. China, however, has some EV models that start as low as 32,800 yuan ($4,525).<\/p>\n<p>The Tiago EV\u2019s operating cost is expected to be about a seventh of the gasoline version, making it a \u201ccompelling proposition\u201d, said Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and its EV subsidiary.<\/p>\n<p>\u201cWe are not chasing to be the lowest cost,\u201d said Chandra, adding the aim was to pack in connected car features and other advanced technologies while keeping the price accessible.<\/p>\n<p>Chandra said the car\u2019s \u201cdisruptive\u201d pricing would open new opportunities and markets for Tata in smaller towns and cities, where buyers tend to be more price-conscious.<\/p>\n<p>Tata, India\u2019s third-largest carmaker, last year raised $1 billion from TPG for its EV unit at a $9.1 billion valuation, and has outlined plans to launch 10 electric models by March 2026. <\/p>\n<p>India\u2019s car market is tiny compared to its population, with electric models making up just 1% of total car sales of about 3 million a year, but the government wants to grow this to 30% by 2030.<\/p>\n<p>The cheapest version of the Tiago EV \u2013 Tata\u2019s third electric car \u2013 will have a driving range of 250 kilometres (155 miles) on a single charge, while a more expensive version will offer a range of 315 km. <\/p>\n<p>Chandra said data from existing Tata EV owners showed average daily use of about 50 km, which prompted the company to provide a shorter driving range to keep the price down.<\/p>\n<p>\u201cThere\u2019s always a challenge of how we strike the right price,\u201d Chandra said, adding the current sticker price was only for the first 10,000 buyers.<\/p>\n<p> (Reporting by Aditi Shah in New Delhi; Additional reporting by Zoey Zhang in Shanghai; Editing by Edwina Gibbs and Mark Potter)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/tata-motors-launches-10000\/attachment\/tata-tiago-ev-electric-hatchback-unveiled-during-a-global-launch\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8R0DP-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8R0DP-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/tata-motors-launches-10000\/attachment\/tata-tiago-ev-electric-hatchback-unveiled-during-a-global-launch-2\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8R0DQ-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8R0DQ-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Aditi Shah NEW DELHI (Reuters) -Tata Motors launched India\u2019s lowest priced electric car at a little over $10,000 on Wednesday as the country\u2019s only electric vehicle (EV) maker looks<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1662203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1662203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1662203"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1662203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1662203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1662203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1662203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}