Jaspreet Singh (Money Matters)
Jaspreet Singh (Money Matters)
February 9, 2025 at 08:55 AM
*EV Revolution: MG Speeds Past Tata!* MG Motor's Windsor EV has zoomed past Tata Nexon EV to become the top-selling electric vehicle in India! As of January 31, Windsor EV has sold a whopping 13,997 units, nearly doubling the sales of its closest competitor, Tata Nexon EV. *So, what's behind Windsor EV's phenomenal success?* Its game-changing BaaS (battery as a service) pricing structure! _Here's the winning formula:_ - Initial vehicle price: ₹9.99 lakhs - Battery rental model: ₹3.5 per km - Lifetime battery warranty for first owner - 60% assured buyback value after 3 yrs - Free public charging for 1st year Tata Motors, once the leader in EV sales, has slipped to second position. This shift has had a significant impact on the market, with Tata Motors' stock plummeting 40% from its life high.
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