Tata Nexon EV gets BaaS option to lower upfront purchase cost

Tata Nexon EV buyers can now choose Battery-as-a-Service (BaaS), which separates the cost of the battery from the car itself. The option is part of Tata Motors’ expansion of BaaS across its electric car range and is aimed at reducing the upfront amount buyers need to pay.

What changes for Tata Nexon EV buyers?

With BaaS, the battery is not included in the upfront vehicle payment in the usual way. Instead, the battery cost is paid separately through a monthly payment, while the car itself carries a lower initial price.

For Tata Nexon EV buyers, the monthly battery payment depends on factors including the battery size and down payment. This means the overall payment structure will differ from a conventional purchase where the battery cost is included in the vehicle price.

Which Tata EVs get BaaS?

Tata Motors has expanded the BaaS option beyond the models where it was previously available. The scheme was earlier offered with the Tiago EV and Punch EV, and has now been extended to the Nexon EV, Curvv EV, Sierra EV and Harrier EV.

The expansion means BaaS is now available across Tata Motors’ entire electric car range mentioned in the announcement. Buyers considering the Tata Nexon EV can therefore compare the conventional purchase structure with the separate battery payment model before making a decision.

How does the battery payment work?

The main attraction of BaaS is the lower upfront cost, but buyers need to account for the separate monthly battery payment when working out their ownership budget. The exact payment varies according to the battery size and down payment.

For a Nexon EV buyer, the key points are:

• The battery is paid for separately from the car
• The upfront vehicle cost is reduced under BaaS
• Monthly battery payment depends on battery size
• Down payment also affects the monthly battery payment

Should you choose BaaS for Nexon EV?

BaaS gives Tata Nexon EV buyers another way to structure the purchase, particularly if reducing the initial outlay is important. However, buyers should compare the complete payment commitment, including the separate monthly battery charge, rather than looking only at the lower upfront price.

Would you consider the Tata Nexon EV with BaaS instead of the conventional purchase option?