Electric cars make up only 2 percent of all car sales in India due to concerns over higher upfront costs and range anxiety

[Tata Motors Announces First EV Price Cuts in India Electric Car Prices Lowered By Up to 8 Percent]( [Indian automaker Tata Motors electric vehicle EV unit on Tuesday said it has reduced prices of its cars by up to 120000 rupees 1450 in what is the first instance of a price cut by an electric carmaker in the country. Electric variants currently form just 2percent of car sales in India as buyers are wary about the higher upfront costs despite lower running costs and as range anxiety persists. "With battery cell prices having softened in the recent past and considering their potential reduction in the foreseeable future we have chosen to proactively pass on the resulting benefits directly to customers said Vivek Srivatsa Chief Commercial Officer at the TPGbacked Tata Passenger Electric Mobility. The price of the topselling Nexon.ev is now down 1.4percent to 1.45 million rupees. Prices previously began at 1.47 million rupees according to Tata's website](. [Read More]( To Unlist [Click Here](