Tata Motors says it has a 62 percent market share in the electric vehicle space in Q1 FY2021.
The Tata Nexon EV has achieved the 1,000 units production milestone. Manufactured at the company’s Pune plant, the Nexon EV is the carmaker’s second all-electric model after the Tigor EV compact sedan.
Nexon EV achieves production milestone in a little over 6 months
Carmaker holds 62 percent market share in the EV space in Q1 FY2021
Speaking on the occasion, Shailesh Chandra, president, Passenger Vehicle Business, Tata Motors said, “Acceptance of EVs is accelerating fast, and we are seeing growing interest in it from all parts of the country. The rollout of the 1,000th Nexon EV in a short time span, despite the challenges of COVID-19, reflects the rising interest of personal segment buyers in EVs. Tata Motors will continue to innovate and develop comprehensive sustainable mobility solutions meeting global standards. EVs are the future and as the industry leader, we are committed to make them desirable and a mainstream choice for the customers.”
How long did it take to reach the milestone?
Launched in January 2020, the Nexon EV achieved the production milestone in a little over 6 months. Tata Motors also revealed that the positive response to the Nexon EV has helped it achieve a market share of 62 percent in the electric vehicle space in Q1 FY2021.
Available in three variants, the Nexon EV pairs an 129hp, 245Nm electric motor to a 30.2kWh battery pack to drive the front wheels. The set-up gives it a claimed range of 312km. We drove the Nexon EV around the time of its launch, and you can read our review here.
Tata recently also introduced the option for customers to subscribe to the Nexon EV in partnership with Orix India. You can read about the subscription plans here.