Tesla Motors introduces two less costly Model S versions

Electric carmaker Tesla Motors Inc said on Thursday it would offer two slightly lower-priced versions of its electric Model S sedan, starting at $66,000 in the US market.

The current Model S starts around $76,000 and is often delivered to customers at a price of about $100,000.

Prices are before tax incentives are applied.

The new versions, the rear-wheel drive Model S 60 and the all-wheel drive Model S 60D, will have slightly less range than the Model S already sold. The Model S 60D starts at $71,000 in the US market.

The newer models will have a range of more than 200 miles, Tesla said in a statement.

The Model S 60 and Model S 60D will be sold with a battery pack with a capacity of 75 kilowatt-hours, but will be limited to a capacity of 60 kWh. Tesla said owners will have the option to get a software upgrade to allow the car to have a capacity of 75 kWh and the longer range it provides.

Analyst Joseph Spak of RBC Capital said the upgrade option will cost $8,500 at purchase or $9,000 after purchase.

A 60 kWh battery has an estimated range of 218 miles for the rear-wheel drive Model S 60 and 210 miles for the Model S 60D, Tesla's website shows.

The upgrade to the 75 kWh battery pack will add about 40 miles of range to each model.

Tesla in 2012 offered a 60 kWh Model S version priced starting about $70,000 but it was discontinued last year. Tesla says the two newer Model S versions offer more capabilities than the discontinued one.

Tesla has said it will produce between 80,000 and 90,000 electric cars in 2016 and that it can make 500,000 by 2018. Most of those are expected to be Model S cars. In the first quarter, Tesla produced 14,820 vehicles, of which 12,851 were Model S and 2,659 were Model X sports utility vehicle.

Tesla plans a new car, the Model 3, which is to be a more affordable sedan, starting around $35,000, to go to market in late 2017.

Tata Motors launches Zest, starting at 4.64 lakhs

Tata Motors on Tuesday launched its sedan car - Tata Zest - amid all the hype with a starting price of Rs 4.64 lakh. 

Tata Motors new offering comes after a period of four years. The company aims to capture its lost position in the domestic car market with this new launch.

Tata Zest is a compact sedan and its petrol base model will be available at Rs 4.64 lakhs onwards and the diesel base model will be available at Rs 5.64 lakh onwards.

Zest boasts of user-friendly features such as touch-screen control panels. The car offers projector head-lamps with chrome accents, LED lamps at the rear and a new set of 15-inch alloy wheels.

Tata has offered the new car with two engine options: a 1.2-litre MPFi turbocharged Revotron petrol engine and a 1.3-litre multijet diesel units.
The company has also come up with attractive offers such as 3 year/1,00,000km warranty, along with a 3 year/45,000 km maintenance package and free 3 year 24x7 roadside assistance. 

The car comes in 6 colour options- silver, grey, blue, beige,white and red. 
The car has been designed with inputs from the three design studios of Tata Motors - Pune, Conventry (UK) and Turin (Italy).