Tata is renting Nexon EV for the chance to own a car worth 1.5 million without a purchase

Tata Nexon EV

Tata Nexon EV

To subscribe you have to pay a monthly fee. After this, you can drive a car after filling the fuel.

New Delhi. Automotive companies are now focusing on the electric vehicle segment. It is believed that there will be a lot of demand for electric vehicles in the next few years. At the same time, the country’s leading automobile manufacturer Tata Motors is giving you a chance to own a car worth 1.5 million without buying it. Actually, Tata is giving you the opportunity to take Nexon EV home without EMI or downpayment.

Nexon EV can be rented under subscription scheme
Under the company’s subscription scheme, you can run Tata’s Nexon EV on rent. Its ex-showroom price in Delhi is Rs 13.99 lakhs, while the on-road price is around Rs 15.63 lakhs. The ex-showroom price of the top variant of Nexon EV is Rs 15.99 lakh.

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One can apply to take Nexon on subscription through the company’s online platform. For subscription, you have to pay token money of Rs 5,000. However, when the credit profile is cleared, the money in the token money gets deposited in the refundable security deposit. The company is providing this car at an initial rental of Rs 29500 per month. The company is offering subscription facility for one year, two years, months and three years.

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How does this car subscription plan work?
Apart from Tata, other companies are also providing cars through subscription. To take a subscription, you have to pay a monthly fee. After this, you can drive a car after filling the fuel. All other costs including maintenance, insurance will be taken care of by the leasing company and the OEM. This plan comes with several months of options. After the subscription is complete, customers can forward it. There is also an option to upgrade the car or buy the car at the market price or return it to the company.




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