The Tata Punch EV is one of the best-selling electric cars in India, and Tata Motors has done a praiseworthy job by introducing it 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 compare its ownership cost with that 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, to help you decide whether to consider the Tata Punch EV under 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 of Rs. 3.20 lakh at the time of purchase, with a battery subscription charge of Rs. 2.6/km.
It is important to note that Tata charges 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
Down payment (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 per unit (kWh).
- Charging a 30-kWh battery pack requires about 33 units (assuming minor transmission losses), at a cost of 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
Down payment (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 BaaS is the ability to finance the battery rather than pay its full cost at 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 when considering BaaS is to estimate your monthly driving needs, as BaaS can prove rather expensive for users with high mileage.
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, priced at 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, over 5 years of ownership, the Punch EV with BaaS should remain around Rs. 1 lakh more affordable than the same model without BaaS over the same period.
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, but in real-world conditions it drops to 260–275 km. BaaS is only a battery-rental model; it does not change an electric car’s driving range.
Which is the cheapest battery car in India?
Among mainstream electric cars, the Tata Tiago EV is the cheapest, starting at around ₹6.99 lakh (ex-showroom), offering a practical range and Tata’s wide EV service network.
