Tata Punch EV Expected Price — With Logic (Updated: Dec 1)

Update Dec 01, 2023: After seeing the (over) confident pricing of the new-gen Nexon, we’re inclined to believe that the Punch EV may also carry a higher price than what we were previously expecting. Thus, we’re increasing our ex-showroom price estimates for the Punch EV. We’re shifting our earlier expected price range of Rs. 11.50 - 14.0 lakh up to Rs. 12.0 - 14.50 lakh.

New Tata Punch EV 2023 — Battery Pack, Motor

Here's a look at the specs of the affordable electric cars currently on sale in India:

AFFORDABLE ELECTRIC CARS SPECS COMPARISON
	eC3	Tiago EV MR	Tiago EV LR	Tigor EV	Comet EV
Power	57PS	61PS	75PS	75PS	42PS
Torque	143Nm	110Nm	114Nm	170Nm	110Nm
Battery	29.2kWh	19.2kWh	24kWh	26kWh	17.3kWh
Range	320km	250km	314km	315km	230km
Efficiency	10.96kmpu	13.02kmpu	13.08kmpu	12.11kmpu	13.30kmpu

Since the Punch and the Tigor share the petrol powertrain options, we should expect the Punch EV and Tigor EV to also have similar specs. That means a power output of 75PS and a torque figure of 170Nm.

In terms of range, the heavy kerb weight of the Punch EV could also impact its efficiency. Tata have maintained a range of at least 300km with all of their electric cars. The Tiago EV medium-range is the only exception and even in this car’s case, there’s an option of long range with 314km of range.

Assuming that the Punch EV gives a range of 310 - 320km with an efficiency of 11.5kmpu, it should get a 27 - 28kWh battery pack. 1-2kWh of extra battery should help it cope with the slightly higher kerb weight and a less aerodynamic body style.

Also Read: Tata Nexon Variants Explained - Which Variant to Buy?

Toyota Taisor Variant-Wise Expected Price Calculation — With Logic

Note: Check your car’s fuel cost with Fuel Cost Calculator in India

Petrol Vs Electric — Price Comparison

The jump from a comparable petrol car to electric car ranges between around Rs. 3.30 lakh to Rs. 5.50 lakh among affordable EVs.

AFFORDABLE PETROL VS ELECTRIC CARS EX-SHOWROOM PRICE COMPARISON
Variant	Petrol-AMT	Difference	Electric	Variant
TATA TIAGO
XTA	Rs. 6.95 lakh	Rs. 3.29 lakh	Rs. 10.24 lakh	XT LR
XZA Plus	Rs. 7.70 lakh	Rs. 3.34 lakh	Rs. 11.04 lakh	XZ Plus LR
TATA TIGOR
XMA	Rs. 7.45 lakh	Rs. 5.54 lakh	Rs. 12.99 lakh	XT
XZA Plus	Rs. 8.50 lakh	Rs. 4.99 lakh	Rs. 13.49 lakh	XZ Plus
CITROEN C3
Live (+AMT est.)	Rs. 6.71 lakh	Rs. 4.79 lakh	Rs. 11.50 lakh	Live
Feel (+AMT est.)	Rs. 7.63 lakh	Rs. 4.75 lakh	Rs. 12.38 lakh	Feel

Considering the demand for SUV body style, we should assume a higher price premium for the Punch EV over the Punch petrol. With a Rs. 4.50 lakh premium estimate, we end up with a price range of about Rs. 12.0 lakh to Rs. 14.50 lakh. This starting price estimate also factors in the fact that the Punch EV will start with at least the Adventure variant. These starting prices are also in line with those of the eC3 but carry a slightly higher cost considering the higher demand for the Punch than the C3.

Tata Punch EV Price Expectations — Variant-wise Summary

Assuming that the Punch electric won’t get a barebones base variant, we should expect the Punch EV to start with a variant comparable with the Punch Adventure. With an estimated Rs. 4.50 lakh price jump for the electric powertrain over the petrol-automatic, we end up with an estimated starting price of Rs. 12.0 lakh for the Punch EV.

TATA PUNCH PETROL VS ELECTRIC  EXPECTED PRICE COMPARISON (Sep 29, 2023)
Variant	Petrol-AMT	Difference	Electric	Exp. Variant
Adventure	Rs. 7.50 lakh	Rs. 4.50 lakh	Rs. 12.0 lakh	Adventure
Accomplished	Rs. 8.35 lakh	Rs. 4.50 lakh	Rs. 12.85 lakh	Accomplished
Creative	Rs. 9.35 lakh	Rs. 4.50 lakh	Rs. 13.85 lakh	Creative
Creative Flagship	Rs. 10.10 lakh	Rs. 4.50 lakh	Rs. 14.60 lakh	Creative Flagship

On the higher side, it could stretch up to Rs. 14.60 lakh, which is also about Rs. 4.50 lakh more than the Creative Flagship automatic. A price range of Rs. 12.0 lakh to Rs. 14.60 lakh will put it squarely in competition with the Citroen eC3.

They’re both affordable SUV/crossover options but the Citroen C3 is a larger car than the Punch. Meanwhile, the Punch EV is likely to have a higher ground clearance to justify the SUV tag and make up for the smaller dimensions. The eC3 has a ground clearance of 170mm.

AFFORDABLE ELECTRIC CARS PRICE RANGE COMPARISON
	eC3	Tiago EV MR	Tiago EV LR	Tigor EV	Comet EV
Price	Rs. 11.50 - 12.43 lakh	Rs. 8.69 - 9.29 lakh	Rs. 10.24 - 12.04 lakh	Rs. 12.50 - 13.75 lakh	Rs. 7.98 - 9.98 lakh

With our price estimates, the Punch EV will plug the gap between the Tigor EV and the Nexon EV MR in Tata’s electric vehicle portfolio. Meanwhile, an SUV body style should make it quite popular too. In my opinion, almost Rs. 16.0 lakh (on-road) for a car the size of Punch is an insane amount of money. Moreover, even on the cost savings side, the equation is likely to remain just as absurd. With fuel cost savings, EVs currently take around 1,00,000km to recover the higher cost you’re paying upfront. This should remain the norm even with the Punch EV. Which begs the questions: is it even worth buying an EV if you only intend to drive it for about 1,00,000km during the ownership?

Also Read: Hyundai Creta Facelift Expected Price Range — With Logic

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