Tata Nexon EV now available on subscription basis

Tata Nexon EV now available on subscription basis

The Tata Nexon EV has been on sale in India since January this year, when it was launched at a starting price of Rs 13.99 lakh (ex-showroom).

Now, Tata Motors has teamed up with Orix India to provide subscription plans for the Nexon EV; an alternative for those opposed to the idea of buying a car outright.

But how does the subscription plan work – and what’s the cost? Let’s take a look.

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What are the subscription plans for the Tata Nexon EV?

Orix India has introduced subscription plans for the Tata Nexon EV in five cities – Delhi-NCR, Mumbai, Pune, Bangalore and Hyderabad. There are three subscription tenures to choose from – 18 months, 2 years and 3 years – and the fixed rental fee varies depending on the tenure you choose.

After paying a refundable security deposit of Rs 50,000, a user will have to shell out a monthly fee of Rs 48,000 for the 18-month plan, Rs 45,000 for the 2-year plan and Rs 42,000 for the 3-year plan.

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Opting for the shortest tenure would total up to a cost of Rs 8.64 lakh, while picking the longest tenure will see a user shell out Rs 15.12 lakh over 36 months – a little more than the ex-showroom cost of the Tata Nexon EV XZ+, which is also the only variant available on subscription.

Any finer details I should know about these plans?

For the monthly fee, Orix will provide the Nexon EV, as well as a home charger with up to 15 metres of wiring, and will also take care of routine services. The subscriber is allowed to rack up a maximum of 1,500km a month (additional kilometres chargeable at Rs 7/km), with the annual mileage limit capped off at 18,000km.

In case the user wants to drive to a remote location where charging may be unavailable, Orix will provide a 30 percent discount on a self-drive, internal combustion engine vehicle.

18 months is also the lock-in period for the subscription, and if a user returns a car before the completion of the period, Orix will levy a cancellation charge equivalent to a month’s subscription fee, as well as 25% of the pending subscription fees, until the completion of the balance tenure. On request, Orix will also provide a user the option of buying the Nexon EV they’re using, outright.

What should I know about the Tata Nexon EV?

The Tata Nexon EV gets a 30.2kWh lithium-ion battery pack that powers an electric motor that makes 129hp and 245Nm of torque. Using a DC fast charger (compatible with CCS2) can help quick-charge the Nexon EV from 0-80 percent in just 1 hour.

However, using a standard 15A AC charger, it will take between 8-9 hours to reach a full charge. ARAI-certified range for the Nexon EV stands at 312km.

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Would you prefer to ‘subscribe’ to a Tata Nexon EV or buy it outright? Let us know in the comments.

 

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