Tata Launches BaaS For All EVs – Tiago, Punch, Nexon, Curvv, Sierra, Harrier

Tata’s battery financing option now covers six EVs, with separate vehicle and battery loans lowering the upfront vehicle price

Tata.ev has extended its Battery-as-a-Service (BaaS) offering across its entire electric vehicle portfolio. Previously available on the Tiago.ev and Punch.ev, the financing option now includes Nexon.ev, Curvv.ev, Sierra.ev and Harrier.ev.

Under this arrangement, the battery cost is separated from the upfront vehicle acquisition price and financed independently. Buyers can continue to purchase an EV with its battery included or choose the BaaS route, which uses separate loan accounts for the vehicle and battery.

Tata EV BaaS Prices Across The Range

The Tiago.ev has the lowest starting BaaS vehicle price at Rs 4.69 lakh, followed by Punch.ev at Rs 6.59 lakh. Among the newly added models, Nexon.ev starts at Rs 8.99 lakh, Curvv.ev at Rs 10.99 lakh, Sierra.ev at Rs 11.99 lakh and Harrier.ev at Rs 14.49 lakh.

The difference between the regular price and BaaS price ranges from Rs 2.30 lakh for Tiago.ev to Rs 7.30 lakh for Harrier.ev. This represents a separation of costs for financing purposes, rather than an equivalent discount on the complete vehicle.

More Financing Choice For EV Buyers

Announcing the expansion, Vivek Srivatsa, Chief Commercial Officer, said customers increasingly want flexibility in how they finance an EV, alongside a wider choice of vehicles. Extending BaaS to the larger SUVs brings their advertised upfront vehicle prices closer to lower price brackets.

The expansion also helps Tata respond to growing competition in EV financing. Mahindra recently introduced BaaS options for the XEV 9S and XEV 9e, while MG’s Hector Tomahawk EV offers introductory BaaS pricing from Rs 13.99 lakh plus battery rental of Rs 4.90 per km. Hyundai Creta Electric, Kia Syros EV, Citroen e-C3X and Toyota Ebella also offer BaaS options.

How Tata’s BaaS Arrangement Works

Tata describes its BaaS offering as a dual-loan finance product. The vehicle and battery are financed through separate accounts, with flexible tenures. Battery EMI depends on factors including battery size, down payment and loan tenure. The company has partnered with multiple financiers to provide buyers with a choice of financing arrangements.

It also highlights transparency around battery down payments, stating that there is no hidden battery down-payment cost. Customers choosing BaaS will receive the same vehicle technology, product experience and ownership support. The change concerns how the purchase is financed.

Battery Charges Exclude Electricity Costs

An important distinction is that the quoted per-kilometre battery financing figures are not the complete running cost of the vehicle. Charging expenses remain additional, while battery EMI also excludes maintenance, repairs and other associated costs.

Tata’s published illustration assumes usage of 60 km per day for most models and 44 km per day for Tiago.ev. These assumptions should be considered when comparing the advertised figures with an individual buyer’s expected usage and financing quotation. The offer is applicable to personal users only. The stated prices exclude road tax, insurance, TCS and other government statutory levies.