
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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