Electric Nano Secures Rs 1.24 lakh in Government Subsidy

- Advertisement -
- Advertisement -

Tata Nano hasn’t set any deadline for the retail launch to private buyers but announces the agreement to supply 1,000 Neos to Ola

The electric version of Nano which has been rebranded as Neo has secured Rs 1.24 lakh in government subsidy. Jayem Neo, the manufacturer of Neo, is likely to make its debut under a commercial agreement with the cab aggregator Ola.

The cars are still under development and there is no deadline yet for the retail launch for private buyers. As per the plans announced by the company, the agreement is to supply 1,000 Neos to Ola.

- Advertisement -

Neo is in the same bracket after Mahindra e20 and the Tata Tigor EV

Securing Rs 1.24 lakh in govt subsidy puts the fully electric car in the same bracket as the Mahindra e20 and the Tata Tigor EV. Tata Motors has confirmed its agreement with Jayem Auto to supply body shells of the Nano for further engineering. Jayem Auto will make a host of additions including an electric powertrain and interiors.

The Neo is shorter but is wider and taller than the Mahindra e20. The e20 is priced at Rs 7.46 lakh after the government subsidy of Rs 1.24 lakh. The Tigor also receives a subsidy of Rs 1.24 lakh and is bought at Rs 11.2 lakh by Energy Efficiency Services (EESL). Mahindra e20 is the only vehicle of the three that is sold to personal buyers. Tata Tigor is not retailed to private buyers as it is bought by government-owned EESL to ferry government officials in Delhi.

Neo expects to bring fresh lease to car

The sales in recent months have dipped and the electric version of Nano brings a fresh lease to the car. The model is produced mostly on confirmed orders from dealers. Tata Motors said the Nano in current form cannot meet the new emission regulations in 2020, signalling that the minicar will be phased out.

Moreover, Chennai-based TVS Motor Company has also registered an electric three-wheeler with the government for a subsidy of Rs 61,000. The King Electric Lix, a battery-powered autorickshaw, was first showcased by the company at the 2014 India Auto Expo.

The government is keen on pushing electric mobility in cities in order to reduce vehicular pollution. Due to which all the automotive companies are pushing them forward in the development process of electric vehicles.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

How Effective Will The Global Biofuel Alliance Be?

0
From environmental benefits to economic opportunities, the potential of biofuels in revolutionising our energy landscape. India has made history by hosting the 18th G-20 summit...
Marina

Investments In Drone Industry Decline To US$1.7 billion

0
The 2023 data now separates drone company funding from AAM/eVTOL funding, which significantly boosted the total in 2020 and 2021. Drone companies received US$1.7 billion...

“Now’s A Great Time To Make In India”

0
In news and in current affairs relevant to the current geopolitical situation, India is emerging as one of the fastest-growing electronics manufacturing services nations...

Buzz

ZF Expands Aftermarket Commercial Vehicle Range With ADAS Sensors

0
Advanced Driver Assistance Systems (ADAS) are gaining traction in the commercial vehicle market. Since 2015, trucks have been required to have automatic emergency braking...

Samsung Semiconductor India Research Launches New R&D Facility in Bangalore

0
The facility spans 1.6 lakh square feet across four floors and is designed to accommodate around 1,600 employees. Samsung Semiconductor India Research (SSIR) has inaugurated...
Intel, Digital India, CPU

Intel Eyes AI For Standalone Programmable Chip Unit Altera

0
The contract manufacturing customers, including Intel's own business units, may receive favorable pricing.  Intel's standalone programmable chip unit, Altera, is eyeing a significant opportunity in...

Important Sectors

ZF Expands Aftermarket Commercial Vehicle Range With ADAS Sensors

0
Advanced Driver Assistance Systems (ADAS) are gaining traction in the commercial vehicle market. Since 2015, trucks have been required to have automatic emergency braking...

Samsung Semiconductor India Research Launches New R&D Facility in Bangalore

0
The facility spans 1.6 lakh square feet across four floors and is designed to accommodate around 1,600 employees. Samsung Semiconductor India Research (SSIR) has inaugurated...
Intel, Digital India, CPU

Intel Eyes AI For Standalone Programmable Chip Unit Altera

0
The contract manufacturing customers, including Intel's own business units, may receive favorable pricing.  Intel's standalone programmable chip unit, Altera, is eyeing a significant opportunity in...

TelioEV Expands EV Charging Solutions To Five APAC And GCC Countries

0
The company started operations in these areas in December 2023 and is currently engaging with stakeholders such as charge point operators, OEMs, EV users,...

Union Cabinet Approves CG-Led JV Proposal For OSAT Facility In Sanand

0
CG Power owns a 92.3% stake, while Renesas Electronics and Thai OSAT provider Stars Microelectronics will have 6.8% and 0.9% equity, respectively in the...

Manufacturing

Union Cabinet Approves CG-Led JV Proposal For OSAT Facility In Sanand

0
CG Power owns a 92.3% stake, while Renesas Electronics and Thai OSAT provider Stars Microelectronics will have 6.8% and 0.9% equity, respectively in the...

Govt Sanctions 3 Semiconductor Plants; Rs 1.26 Lakh Cr Investment

0
The Dholera (Gujarat) semiconductor fab will produce 50,000 wafers monthly. In contrast, the Morigaon (Assam) and Sanand (Gujarat) units will assemble, test, monitor, and...

“Now’s A Great Time To Make In India”

0
In news and in current affairs relevant to the current geopolitical situation, India is emerging as one of the fastest-growing electronics manufacturing services nations...

MeitY Secretary: Domestic Semiconductor Manufacturing Is The Next Big Thing

0
At the India Digital Summit (IDS) 2024, S Krishnan, Secretary of MeitY, highlighted that India is on the brink of a major move towards...

Tata Picks Somerset For UK Battery Plant

0
The Bridgewater factory, operated by the subsidiary Agratas, will initially produce batteries for JLR and Tata Motors; with a capacity of 40GWh, it will...