Tata, MG keep entry EV options below ₹10 lakh with Tiago, Comet and Punch

Tata Motors’ Tiago EV starts at ₹6.99 lakh and Punch EV at ₹9.79 lakh, while MG Motor India’s Comet EV starts at ₹7.80 lakh. Claimed ranges span 226 km to 350 km, though higher Tiago and Comet variants cross the ₹10 lakh mark.

— Source publishedWed, 9 Sept, 2026, 17:13 IST·First seen Wed, 9 Sept, 2026, 17:43 IST·Source Business Today · Latest

What happened

Tata Motors and MG Motor India offer entry-level EVs below ₹10 lakh, led by the Tiago EV, Comet EV and Punch EV. Higher variants of the Tiago and Comet cross

Key facts

  • Tata Tiago EV starts at ₹6.99 lakh ex-showroom
  • Tiago EV claimed range: 226-285 km
  • MG Comet EV starts at ₹7.80 lakh
  • MG Comet EV claimed range: up to 230 km
  • Tata Punch EV starts at ₹9.79 lakh
  • Punch EV claimed range: 275-350 km
  • Top variants of Tiago EV and MG Comet EV exceed ₹10 lakh

Why this matters

Affordable entry-EV positioning makes Tata and MG more consequential targets or partners across charging, financing, fleet and aftersales ecosystems serving value-conscious buyers.

What to watch

  • Monthly retail registrations for Tiago EV, Punch EV and Comet EV versus internal-combustion compact cars.
  • Share of sales from advertised base variants versus higher trims.
  • Discount levels, finance interest subvention and exchange offers in the sub-₹12 lakh EV segment.
  • Battery-cell price changes, localization announcements and any revision to EV incentives or tax policy.
  • Public-charger uptime, apartment-charging approvals and insurance/residual-value trends.
  • New launches or price cuts from Hyundai, Mahindra, Maruti Suzuki and Chinese-linked EV competitors.
  • Tata expands financing, exchange bonuses and low-down-payment offers around Tiago EV and Punch EV to convert price-sensitive buyers.
  • MG uses Comet’s city-car positioning, subscription-style ownership propositions and connected features rather than pure range competition.
  • Rivals introduce or reposition compact EV variants near the ₹8-10 lakh threshold, increasing feature and warranty competition.
  • Dealers push higher battery-pack and feature variants because commission pools and buyer financing capacity favor upgrades.
  • Charging operators and residential developers target dense urban clusters where entry EV adoption is most likely.