2 hrs ago

Tata Motors Expands BaaS Across Entire Electric Vehicle Line-up

Tata Motors Expands BaaS Across Entire Electric Vehicle Line-up
Tata Motors expands BaaS to entire EV line-up · financialexpress.com

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.

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

Sources

Related news