Year-End EV Discounts 2024: Tata and MG Motors Offer Big Savings on Electric Cars

Get the best deals on Tata Nexon EV, Punch EV, MG Comet, and more before prices rise in 2025!

As the year comes to a close, leading EV manufacturers like Tata Motors and MG Motors are rolling out significant year-end discounts on their top-selling electric vehicles. These offers provide a golden opportunity for buyers looking to embrace electric mobility at a more affordable price before 2025 begins with anticipated price hikes.

Breakdown of the discounts available:-

Tata Motors: Leading the EV Charge in India

Tata Motors, India’s most prominent EV brand, has announced attractive year-end offers on their flagship electric vehicles, ensuring savings of up to ₹2.5 lakh on select models.

1. Tata Tigor EV

• Discount: Up to ₹1 lakh (including exchange bonus).
• Additional Offer: On 2023 models, buyers can avail of discounts of up to ₹1.5 lakh, including a ₹1 lakh exchange bonus.

2. Tata Punch EV

The compact SUV, a favourite among Indian families, comes with:

• Discount: Up to ₹2.5 lakh, depending on the variant.
• Benefits: Exchange bonuses further add to the savings on specific models.

3. Tata Nexon EV

• Facelifted 2023 Model: Discount of up to ₹1 lakh.
• Pre-Facelift Model: No discounts are currently available.
• New Launch: The recently introduced Curvv EV also does not carry any year-end offers.

MG Motors: Compact and Mid-Range EV Deals

MG Motors, India’s second-biggest EV player, has brought compelling deals on their city-friendly electric vehicles.

1. MG Comet EV

Known as India’s most compact EV, the Comet is ideal for city commutes.

• Discount: Up to ₹50,000.
• Note: Discounts vary based on dealer inventory levels.

2. MG ZS EV

The popular mid-range electric SUV comes with substantial savings:

• Discount Range: ₹50,000 to ₹2.25 lakh.
• Inventory-Based: The discount depends on dealership stock availability.

No discounts are applicable for the latest MG ZS EV Exclusive variant.

Why December is the Best Month to Buy an EV

1. Massive Discounts: Manufacturers aim to clear out inventory before the year ends, offering heavy price reductions.
2. Impending Price Hike: Prices are expected to increase in January 2025 as brands adjust for inflation and new costs.
3. Additional Bonuses: Exchange bonuses and inventory-based pricing add significant value to your purchase.

How to Avail These Discounts

• Visit Authorized Dealerships: Discounts vary by stock availability, so inquire with local dealers.
• Exchange Your Old Car: Take advantage of exchange bonuses to maximize savings.
• Act Fast: Year-end offers are only valid until December 31, 2024.

Final Word: Don’t Miss Out on These EV Deals

If you’ve been planning to switch to an electric vehicle, now is the time. Whether you prefer the Tata Nexon EV for its reliability or the compact MG Comet EV for city driving, these discounts make EV ownership more affordable.

Stay updated with the latest car deals and EV news by bookmarking CarGraze.com. Share your thoughts or any better deals you’ve found in the comments - let’s help fellow buyers make smarter decisions!