2 hrs ago
Tata Motors Expands BaaS Across Entire Electric Vehicle Line-up
Tata Motors is offering a different way to pay for its electric cars.
Under Battery-as-a-Service, the car and its battery are financed separately.
This makes the amount paid at the beginning smaller.
Customers then pay a separate battery instalment or usage charge.
The charge depends on things such as battery size, down payment and loan length.
The programme now covers six Tata electric models, from the Tiago.ev to the Harrier.ev.
Battery costs range from ₹2.6 to ₹5.9 for each kilometre.
These charges do not include electricity for charging, repairs or maintenance.
Tata says the plan gives buyers more ways to compare electric-car ownership costs.
Tata Motors has extended its Battery-as-a-Service programme to all six electric vehicle models.
BaaS separates vehicle and battery financing into independent loan accounts with separate tenures.
Introductory vehicle prices range from ₹4.69 lakh for the Tiago.ev to ₹14.49 lakh for the Harrier.ev.
Battery financing or usage costs range from ₹2.6 per kilometre to ₹5.9 per kilometre.
Battery fees exclude charging, maintenance and vehicle repair costs, while rates depend on usage and financing terms.
- Who
- Tata Motors Passenger Vehicles and customers considering its electric vehicles.
- What
- Tata Motors expanded its Battery-as-a-Service programme across its entire electric vehicle line-up.
- Where
- India.
- When
- Why
- To lower upfront acquisition costs and give customers more flexibility in financing and comparing ownership costs.
Key facts
- Programme
- Battery-as-a-Service, or BaaS
- Models covered
- Tiago.ev, Punch.ev, Nexon.ev, Curvv.ev, Sierra.ev and Harrier.ev
- Vehicle price range
- ₹4.69 lakh for the Tiago.ev to ₹14.49 lakh for the Harrier.ev
- Lowest BaaS cost
- ₹2.6 per kilometre for the Tiago.ev and Punch.ev
- Highest BaaS cost
- ₹5.9 per kilometre for the Harrier.ev
- Excluded costs
- Charging, maintenance and vehicle repairs
- Usage assumptions
- Rates are based on 60 kilometres of daily use, except for the Tiago.ev, which uses 44 kilometres
Quotes
Vivek Srivatsa
Chief commercial officer of Tata Motors Passenger Vehicles
“As BaaS becomes an increasingly visible construct in the EV market, we want to ensure that customers evaluating a TATA.ev have complete flexibility to make a fair and transparent comparison”
financialexpress.com
“Customers demand more choices than ever before—not just in the EVs they buy, but also in how they choose to finance them.”
businesstoday.in









