Tata Motors launches $10,000 electric car in India
Tata leads India's EV market, helped by government subsidies and high tariffs on imports.
That is much cheaper than India's next most affordable EV - the electric version of Tata's Tigor compact sedan which starts at around $14,940.The Tiago EV's operating cost is expected to be about a seventh of the gasoline version, making it a"compelling proposition", said Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and its EV subsidiary.
Tata, India's 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.
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