The Tata Nexon EV has emerged as one of the most popular electric SUVs in India, offering a perfect blend of style, performance, and sustainability. With an increasing number of car buyers shifting to electric vehicles (EVs), the demand for the Tata Nexon EV is soaring. If you're planning to buy this electric SUV, knowing the Tata Nexon EV on-road price is crucial. This article provides an in-depth breakdown of the Tata Nexon EV on-road price, factors affecting it, and why it is a great investment in 2024.

Tata Nexon EV Variants and Their Ex-Showroom Prices

The Tata Nexon EV comes in multiple variants, each catering to different budget preferences and feature requirements. The two primary models available in the market are:

1. Tata Nexon EV MR (Medium Range) - This is the base model, offering an optimal balance between affordability and performance.

2. Tata Nexon EV LR (Long Range) - This model comes with a larger battery, ensuring extended driving range and additional premium features.

The ex-showroom price of the Tata Nexon EV in different cities varies slightly due to regional taxation policies. However, on average, the prices are as follows:

• Tata Nexon EV MR – ₹14.49 lakh (ex-showroom)

• Tata Nexon EV LR – ₹16.99 lakh (ex-showroom)

Tata Nexon EV On-Road Price Calculation

The on-road price of the Tata Nexon EV is not just the ex-showroom price. It includes several additional costs such as registration fees, insurance, road tax, and other state-wise levies. Below is a general breakdown of the Tata Nexon EV on-road price:

1. Ex-Showroom Price

This is the factory price of the car before any taxes or levies are applied.

2. Road Tax and Registration Charges

Each state imposes a different road tax on electric vehicles. Some states offer incentives and subsidies, reducing this cost. On average, road tax and registration fees range between ₹40,000 and ₹1.5 lakh.

3. Insurance Costs

Insurance is mandatory for all vehicles in India. The cost of insurance for the Tata Nexon EV varies depending on the policy type and coverage level. Comprehensive insurance costs between ₹50,000 and ₹80,000 annually.

4. Fast Charging Infrastructure & Accessories

Many customers opt for home charging setups, which may cost an additional ₹30,000 to ₹50,000. Optional accessories like seat covers, alloy wheels, and infotainment upgrades also contribute to the final on-road price.

Estimated Tata Nexon EV On-Road Price in Major Cities

Here’s an estimated on-road price range of the Tata Nexon EV across different cities:

• Delhi: ₹15.5 lakh - ₹18.5 lakh

• Mumbai: ₹16.2 lakh - ₹19.2 lakh

• Bangalore: ₹16.8 lakh - ₹19.8 lakh

• Chennai: ₹16.4 lakh - ₹19.4 lakh

• Hyderabad: ₹16.3 lakh - ₹19.3 lakh

Factors Affecting Tata Nexon EV On-Road Price

Several factors influence the final on-road price of the Tata Nexon EV:

1. State-Wise Subsidies and Incentives

Many states in India offer subsidies for electric vehicles under the FAME II scheme, which significantly reduces the on-road price. For example, states like Maharashtra and Delhi provide additional subsidies on EV purchases.

2. Insurance Premium Variations

Insurance premiums depend on various factors like city of registration, age of the driver, and chosen policy type. Comprehensive insurance adds to the total cost.

3. Registration and Road Tax Policies

Some states offer road tax exemptions for electric vehicles, making them more affordable in certain regions.

4. Charging Infrastructure Costs

Installing a home charging setup may add extra costs to your purchase. Additionally, fast-charging stations may require a paid membership.

Why Tata Nexon EV is a Smart Buy in 2024

If you’re considering an electric car, the Tata Nexon EV offers excellent value for money. Here’s why it’s a great investment:

1. Cost-Effective Driving

With rising fuel prices, switching to an EV significantly reduces running costs. The Tata Nexon EV provides a driving range of up to 465 km on a single charge (LR variant), making it ideal for city commutes and long drives.

2. Government Incentives and Tax Benefits

Under the FAME II scheme and state-specific EV policies, buyers can avail of attractive subsidies and tax reductions, further lowering the on-road price.

3. Environmentally Friendly

With zero tailpipe emissions, the Tata Nexon EV contributes to a cleaner environment, reducing carbon footprints and air pollution levels.

4. Advanced Features and Safety

The Tata Nexon EV comes loaded with advanced safety features such as multiple airbags, ABS with EBD, electronic stability control, and a high-strength body structure. The car also offers modern infotainment, a digital driver display, and smart connectivity features.

5. Strong Resale Value

With an increasing demand for EVs, the resale value of Tata Nexon EV models is expected to remain strong, making it a great long-term investment.

Conclusion: Is the Tata Nexon EV Worth the On-Road Price?

The Tata Nexon EV is one of the best electric SUVs in India, offering a fantastic blend of affordability, features, and performance. Its on-road price varies depending on location, government subsidies, and additional costs like insurance and charging infrastructure. However, considering its long-term benefits such as low running costs, tax incentives, and eco-friendliness, it is a smart choice for car buyers in 2024.

If you’re looking to buy the Tata Nexon EV, make sure to check state-wise incentives and insurance options to get the best possible on-road price. Investing in an EV today means contributing to a greener tomorrow while enjoying modern driving technology. So, go ahead and make the switch to electric mobility with the Tata Nexon EV!