The Tata Punch EV is one of the best-selling electric cars in India, and Tata Motors has done a praiseworthy job by introducing the Punch EV with BaaS. Separating the battery’s cost from the vehicle’s cost, the Punch EV BaaS scheme makes it more affordable for buyers. All the same, before walking into the showroom to buy a Punch EV with BaaS, it is wise to evaluate its ownership cost against the ownership cost of the Punch EV without BaaS. To make the process easy for you, here is an analysis of the ownership cost of the Tata Punch EV with and without BaaS for you to decide whether you should consider the Tata Punch EV in the BaaS scheme.
Tata Punch EV BaaS vs Ex-Showroom Price
| Variant | Ex-showroom price | Battery Price | BaaS Price |
| Smart 30 kWh | Rs. 9.69 lakh | Rs. 3.20 lakh | Rs. 6.49 lakh + Rs. 2.6/km |
Tata has revealed the BaaS prices of only the base Smart variant of the Tata Punch EV. However, the evaluation of its ownership cost should give a clear idea of what the ownership cost will be for the higher variants with BaaS.
Tata Punch EV Smart variant is powered by a 30 kWh battery pack, and its BaaS price is Rs. 6.49 lakh + Rs. 2.6/km. This BaaS price saves you from paying the Battery’s price, Rs. 3.20 lakh, at the time of purchase, with a battery subscription charge of Rs. 2.6/km.
Although it is important to note that Tata charges for a minimum monthly running of 1,800 km. Therefore, you have to pay at least Rs. 2.6 X 1,800 = Rs. 4,680 every month. Moreover, to drive 1,800 km in a 30-day month, you need to drive 60 km every single day.
ALSO READ: Tata Punch EV BaaS Explained: Price, Payment Plan
Tata Punch EV Price Comparison: Initial BaaS Price vs Ex-Showroom Price
Here is a comparison of the cost of ownership of the Tata Punch EV with BaaS against the Tata Punch EV as a whole unit, including the battery.
Case A – Tata Punch EV (Base Smart variant) with BaaS
Upfront cost: Rs. 6.49 lakh
Downpayment (20%): 20 % of Rs. 6.49 lakh = Rs. 1,29,800
Loan amount: Rs. 5,19,200
Monthly EMI on 9% interest: Rs. 10,778
Charging cost
- The average domestic tariff for electricity is Rs. 8/unit (kWh).
- Charging a 30-kWh battery pack requires around 33 units (assuming minor transmission losses), costing Rs. 264.
- Given the Tata Punch EV 30 kWh battery’s claimed driving range of 365 – 375 km and real-world driving range of 260 – 275 km, it will take around 7 full charging cycles to cover 1,800 km.
- Monthly electricity usage cost for 1,800 km will be around 7 X Rs. 264 = Rs. 1,848
Minimum monthly charge: Rs. 2.6 X 1,800 = Rs. 4,680
Total monthly expenditure: Rs. 4,680 + Rs. 1,848 + Rs. 10,778 = Rs. 17,306
Total yearly expenditure: Rs. 17,306 X 12 = Rs. 2,07,672 + maintenance cost
5 years’ expenditure: Rs. 2,07,672 X 5 = Rs. 10,38,360 + maintenance cost
5 years ownership cost: Rs. 1,29,800 + Rs. 10,38,360 = Rs. 11,68,160 + maintenance cost
Now, if you do not finance the vehicle:
Total monthly expenditure: Rs. 4,680 + Rs. 1,848 = Rs. 6,528
Total yearly expenditure: Rs. 6,528 X 12 = Rs. 78,336 + maintenance cost
5 years’ expenditure: Rs. 78,336 X 5 = Rs. 3,91,680 + maintenance cost
5 years ownership cost: Rs. 6,49,000 + Rs. 3,91,680 = Rs. 10,40,680 + maintenance cost
Case B – Tata Punch EV (Base Smart variant) without BaaS
Ex-showroom price: Rs. 9.69 lakh
Downpayment (20%): 20 % of Rs. 9.69 lakh = Rs. 1,93,800
Loan amount: Rs. 7,75,200
Monthly EMI on 9% interest: Rs. 16,092
Charging cost: Rs. 1,848
Total monthly expenditure: Rs. 16,092 + Rs. 1,848 = Rs. 17,940
Total yearly expenditure: Rs. 17,940 X 12 = Rs. 2,15,280 + maintenance cost
5 years’ expenditure: Rs. 2,15,280 X 5 = Rs. 10,76,400 + maintenance cost
5 years ownership cost (without BaaS): Rs. 1,93,800 + Rs. 10,76,400 = Rs. 12,70,200 + maintenance cost
Now, if you do not finance the vehicle:
Total monthly expenditure: Rs. 1,848
Total yearly expenditure: Rs. 1,848 X 12 = Rs. 22,176 + maintenance cost
5 years’ expenditure: Rs. 22,176 X 5 = Rs. 1,10,880 + maintenance cost
5 years ownership cost (without BaaS): Rs. 9,69,000 + Rs. 1,10,880 = Rs. 10,79,880 + maintenance cost
Difference between cost of ownership of models with BaaS and without BaaS = Rs. 12,70,200 – Rs. 11,68,160 = Rs. 1,02,040
Therefore, in 5 years of ownership, a Tata Punch EV (Smart) with BaaS will save you around Rs. 1 lakh, compared to buying the same model as a whole unit.
ALSO READ: Electric Cars Available with BaaS Scheme in India
Final Thoughts
Thanks to the BaaS scheme, the Tata Punch EV is more accessible to an average Indian electric car buyer. With that being said, the main advantage of the BaaS is the ability to finance the battery instead of paying its entire cost at the time of purchase. However, owning a Tata Punch EV with BaaS can save you around Rs. 1 lakh in 5 years compared to owning the same model as a whole unit, including the battery. Another imperative point while considering BaaS is that you should make an estimate of your monthly driving requirements, as BaaS can prove rather expensive for users with high-mileage driving requirements.
FAQ
What is the Tata Punch EV BaaS price?
Tata has revealed the BaaS price for the base Smart variant of the Tata Punch EV, and it costs Rs. 6.49 lakh + Rs. 2.6/km.
Is the Tata Punch EV with BaaS worth considering?
Yes! The Tata Punch EV with BaaS saves the upfront cost of Rs 3.20 lakh (battery cost), compared to buying the same car as a whole unit. Moreover, in 5 years of ownership, the Punch EV with BaaS should remain around Rs. 1 lakh more affordable, compared to the 5-year ownership of the same model without BaaS.
What is the driving range of the Tata Punch EV with BaaS?
The claimed driving range of the Tata Punch EV is 365 – 375 km, and in real-world driving conditions, the range drops to 260 – 275 km. BaaS is only a battery-rental model; it does not change the driving range of an electric car.
