Tata Motors Directed To Refund ₹16.95 Lakh With Interest For Faulty Nexon EV
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

The District Consumer Disputes Redressal Commission at Hyderabad has found Tata Motors liable for a manufacturing defect in a Tata Nexon Electric Vehicle (EV) that led to a fire incident. The Commission has ordered the company to refund the vehicle’s cost to its owner.

What Happened: The vehicle, bought in May 2022, began experiencing issues within 11 months of its delivery. Despite a battery pack replacement by Tata Motors, the car caught fire in June 2023, causing an accident that injured a motorcyclist.

See Also: This Tata Group Stock Has Now Been Removed From ASM Framework

The Commission concluded that the fire was due to a manufacturing defect, dismissing Tata Motors’ argument that an external crash might have triggered the fire. The parties have been directed to refund ₹16.95 lakh, the vehicle cost, along with 9% interest from filing the complaint, on September 29, 2023.

The Commission has also instructed Tata Motors, Tata Motors Passenger Vehicles, dealer M/s. Venkataramana Motors, and service centre M/s. Malik Cars Pvt. Ltd to collectively pay ₹2.5 lakh as compensation to the injured motorcyclist.

Read Next: Yes Bank Fined ₹2.77 Cr By Income Tax Department


Engineered by Benzinga Neuro, Edited by Utkarsh Roshan


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
EquitiesNewsLegalMarketsTata GroupTata Motors