Tata.ev has now made its Battery-as-a-Service (BaaS) option available across its entire electric car range in India. It was earlier offered only with the Tiago.ev and Punch.ev, but is now available with the Nexon.ev, Curvv.ev, Sierra.ev and Harrier.ev as well.
The idea is simple: instead of paying for the car and battery together, customers can finance the battery separately. This brings down the amount they need to pay upfront and gives them another way to buy an EV.
Lower Upfront Prices
Under the BaaS plan, the battery cost is separated from the vehicle price. Here is how the starting prices compare:
| Model | Battery | Regular Price | BaaS Price | Battery Cost |
|---|---|---|---|---|
| Tiago.ev | 19 kWh | ₹6.99 lakh | ₹4.69 lakh | ₹2.6/km |
| Punch.ev | 30 kWh | ₹9.79 lakh | ₹6.59 lakh | ₹2.6/km |
| Nexon.ev | 45 kWh | ₹14.34 lakh | ₹8.99 lakh | ₹4.4/km |
| Curvv.ev | 55 kWh | ₹17.19 lakh | ₹10.99 lakh | ₹5/km |
| Sierra.ev | 63 kWh | ₹18.79 lakh | ₹11.99 lakh | ₹5.5/km |
| Harrier.ev | 65 kWh | ₹21.79 lakh | ₹14.49 lakh | ₹5.9/km |
The BaaS prices apply to the entry variants and are based on the usage assumptions mentioned by Tata.ev. The battery cost does not include charging, maintenance, repairs or other ownership expenses.
How Does BaaS Work?
The car and battery are financed through separate loan accounts, with the battery payment depending on its size, down payment, and loan tenure.
Tata.ev has also tied up with multiple financiers, giving customers different financing options. Buyers can still choose to purchase the car normally, including the battery, if they prefer.
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Final Take
With BaaS now available across its full EV range, Tata.ev is giving buyers more flexibility in how they pay for an electric car. The lower upfront prices could make its EVs easier to access, although customers will need to consider the additional battery financing cost and their usage before choosing between the two options.
