While the Tata Harrier EV is worth every penny of its price tag, it is easy to find a premium electric SUV like it out of budget. The good news is that the Harrier EV is now available with a BaaS scheme that reduces its upfront cost by over Rs. 7 lakhs, making ownership more affordable. Here is the lowdown on the Tata Harrier EV BaaS scheme.
What is BaaS?
BaaS, or Battery-as-a-Service, is an electric vehicle ownership model where you don’t pay for the battery when buying an electric vehicle. Instead, you use the battery as a service.
BaaS model is of two types. One is swapping a fully drained battery with a fully charged one at a designated swapping station. This model is usually used for commercial electric vehicles. In passenger electric vehicles, you pay a monthly fee to the BaaS service provider for battery use.
Battery payments, or battery EMI, depend on the loan you take out for the battery. Meanwhile, you can buy the vehicle, whether on loan or in cash, without factoring in the battery price. Usually, the battery loan tenure is longer than the vehicle loan tenure.
ALSO READ: Battery as a Service (BaaS) Explained
Tata Harrier EV BaaS Prices
| Variant | Ex-showroom price | Battery | Battery Price | BaaS Price |
| Adventure 65 | Rs. 21.79 lakh | 65 kWh | Rs. 7.30 lakh | Rs. 14.49 lakh + Rs. 5.9/km |
The Tata Harrier EV BaaS price range starts at Rs. 14.49 lakh with the battery subscription charge of Rs. 5.9/km. The Indian carmaker is yet to reveal the full variant-wise BaaS price list for the Tata Harrier EV. The battery subscription charge for the Harrier EV’s larger 75 kWh battery pack can be more than Rs. 5.9/km.
The battery subscription cost is your per-kilometre expense for using the battery. In other words, the battery subscription charge, or per-kilometre cost, is the battery EMI divided by the number of kilometres you drive in a month.
The Rs. 5.9/km battery subscription charge for the Tata Harrier EV is based on a minimum of 60 km per day. It means 60 x 30 = 1,800 km every month. Therefore, the battery EMI will be around Rs. 5.9 X 1,800 = Rs. 10,620.
Note: The battery subscription cost does not include RTO tax, Insurance, TCS, or other statutory taxes. You will have to pay taxes on the full value of the vehicle because you own the vehicle.
Tata Harrier EV BaaS Best Value
With BaaS, the Tata Harrier EV battery costs Rs. 7.30 lakh. So, to buy the Harrier EV with BaaS, you will take a loan of Rs. 7.30 lakh for the battery only. The minimum battery EMI will be around Rs. 10,620, but it can be higher depending on the loan you get.
Meanwhile, if you also finance the chassis – Harrier EV without battery, you will take a separate loan of Rs. 14.49 lakh. Then, you’ll pay a separate EMI of around Rs. 24,000, assuming a 20 per cent down payment, a 5-year tenure, and a 9% interest rate.
So, your combined EMI will be around Rs. 10,620 + Rs. 24,000 = Rs. 34,620.
Therefore, to get the best value of the Harrier EV’s BaaS, pay as much as possible upfront and take the minimum loan. The best-case scenario is buying the vehicle in cash and paying the battery EMI for battery use. Or, if you want to finance the vehicle as well, make the highest possible down payment to keep the EMI as low as possible.
Value Additions
The Tata Harrier EV comes with some standard benefits, such as:
- Lifetime warranty on the battery pack for the first owner. However, if the car is resold, the warranty is reduced to 10 years/2,00,000 km for the second owner. The 10-year/2,00,000 km warranty duration is calculated from the day the vehicle was purchased as a brand-new model.
- Complimentary 7.2 kW AC Wall Box charger
- If the battery’s State of Health (SOH) drops below 70 per cent, the brand will repair or replace the battery.
Final Thoughts
The Tata Harrier EV is a desirable car, and its BaaS programme makes it more affordable to own. However, the affordability that comes with BaaS is not a discount. Instead, it lets you finance the battery separately from the vehicle. As calculated above, if you finance both the Harrier EV (Chassis only) and the battery, the combined EMI will be north of Rs. 34,000. It can be higher, depending on the loans approved for the vehicle and battery.
So, with BaaS, the more you pay upfront, the easier it is on your pocket overall.
FAQ
What are the Tata Harrier EV BaaS prices?
The Tata Harrier EV BaaS price range starts at Rs. 14.49 lakh, with a battery subscription charge of Rs. 5.9/km.
Does the Tata Harrier EV BaaS have a minimum monthly fee?
The minimum monthly fee for the Tata Harrier EV BaaS depends on the approved battery loan. That said, Tata has set the per-kilometre charge at Rs. 5.9/km, assuming a minimum daily driving of 60 km. Therefore, the minimum monthly fee, or the Battery EMI, will be around Rs. 5.9 × 60 × 30 = Rs. 10,620.
How much cheaper is the Tata Harrier EV with BaaS than its ex-showroom price?
The Tata Harrier EV Adventure 65 variant has an ex-showroom price of Rs. 21.79 lakh. Its BaaS price is Rs. 14.49 lakh with a battery subscription charge of Rs. 5.9/km. As a result, the BaaS option slashes the upfront price by Rs. 7.30 lakh.
Is the Tata Harrier EV worth buying?
The Tata Harrier EV is a premium 5-seater electric SUV. Its massive cabin offers more space for passengers than any other car in its segment. Plus, its abundance of premium features and long driving range make the Harrier EV a compelling family SUV.
What is the range of the Tata Harrier EV in KM?
The claimed range of the Tata Harrier EV is 538 – 627 km.
Which battery does the Tata Harrier EV use?
The Tata Harrier EV is offered with two battery packs: 65 kWh and 75 kWh.
Is the Tata Harrier EV priced at Rs. 14.49 lakh?
The Tata Harrier EV price with the BaaS scheme starts at Rs. 14.99 lakh + Rs. 5.9/km. The Harrier EV’s actual ex-showroom price ranges from Rs. 21.79 to 30.54 lakh.
What is the cost of the Tata Harrier EV per km?
With the BaaS scheme, the Tata Harrier EV offers a battery subscription price of Rs. 5.9 per km.
