The Tata Punch EV, India’s newest electric vehicle, has sparked excitement in the compact SUV segment. But along with the buzz comes the question: how much does it actually cost on the road? Understanding the on-road price of the Punch EV requires navigating various factors, and this article aims to break down the key components for you.
Ex-Showroom Price: The Starting Point
The ex-showroom price is the manufacturer’s sticker price, excluding taxes and other location-specific charges. It ranges from ₹10.99 lakh for the base Smart variant to ₹15.49 lakh for the top-of-the-line Empowered Plus S LR AC FC model. The choice between these variants depends on your desired battery size (25 kWh or 35 kWh), features, and charger options.
Unveiling the On-Road Price Layers
The on-road price adds several layers to the ex-showroom price:
- Road Tax: This varies significantly across states, typically ranging from 10% to 20% of the ex-showroom price. For instance, Delhi charges 12.25%, while Maharashtra levies 13%.
- Registration and Number Plate Charges:These are fixed costs, usually around ₹10,000, but can differ slightly depending on the state and registration type.
- Insurance: The premium depends on factors like the car’s value, your location, and driving history. Expect to pay around ₹20,000 – ₹30,000 annually.
- Fast Charger Installation (Optional): If you opt for the 7.2 kW home charger, it adds ₹20,000 – ₹25,000 to the cost.
Calculating the Final Bill:
Let’s take an example: the Smart+ variant with a 25 kWh battery has an ex-showroom price of ₹11.49 lakh in Delhi. Adding a 12.25% road tax, ₹10,000 registration charges, and ₹25,000 for insurance, the on-road price comes to approximately ₹13.24 lakh. Choosing the optional 7.2 kW charger would push it to ₹13.49 lakh.
Headlines:
- Tata Punch EV: Starting On-Road Price in Delhi from ₹11.71 Lakh
- Road Tax and Insurance Significantly Impact On-Road Cost
- Optional Charger Adds Additional ₹20,000 – ₹25,000
- Understanding Ex-Showroom Price vs. On-Road Price is Crucial
Remember:
- The on-road price can vary significantly based on your location and chosen variant.
- Use online calculators or consult dealerships for accurate estimates specific to your city.
- Consider government subsidies and FAME-II incentives that can further reduce the cost.
By understanding the on-road price structure of the Tata Punch EV, you can make an informed decision that fits your budget and driving needs.
