Tata Punch EV Easy Finance Options:
Tata Motors' new electric car, the Tata Punch EV, has started attracting strong customer interest in the Indian market and is selling well. If you're looking to buy an EV within a budget of ₹15 lakh, here's a look at the prices, features, and financing options for the Adventure and Empowered variants.
The Tata Punch EV is a good option for buyers looking for a budget-friendly electric car. It is positioned between Tata Motors' bestselling SUV, the Tata Nexon, and the entry-level electric models, the Tata Tiago EV and Tata Tigor EV. The Punch EV is available with 25 kWh and 35 kWh battery packs, offering a driving range between 315 km and 421 km on a single charge.
The Punch EV's ex-showroom price ranges from ₹10.99 lakh to ₹15.49 lakh. Compared to the ICE (petrol) version of the Punch, the EV version offers improved styling and features, and it is available in five color options.
For buyers considering financing the Punch EV with a ₹2 lakh down payment, here are the loan and EMI details for the Adventure and Empowered variants equipped with the 25 kWh battery and 315 km range.
Tata Punch EV Adventure (25 kWh) – Loan, EMI, and Interest Details
- Ex-showroom price: ₹11.99 lakh
- On-road price: ₹12,58,577
- Down payment: ₹2,00,000
- Loan amount: ₹10,58,577
Assuming:
- Loan tenure: 5 years
- Interest rate: 9% per annum
You would need to pay an EMI of approximately ₹21,974 per month for 60 months.
Under these terms, the total interest paid over the loan period would be around ₹2.60 lakh.
Tata Punch EV Empowered (25 kWh) – Loan, EMI, and Interest Details
- Ex-showroom price: ₹12,78,999
- On-road price: ₹13,42,100
- Down payment: ₹2,00,000
- Loan amount: ₹11,42,100
Assuming:
- Loan tenure: 5 years
- Interest rate: 9% per annum
You would need to pay an EMI of approximately ₹23,708 per month for 60 months.
Under these terms, the total interest paid would exceed ₹2.80 lakh over the loan tenure.
Note: Before finalizing financing for the Tata Punch EV, it is advisable to visit your nearest Tata Motors dealership and obtain the latest loan terms, interest rates, and financing details, as these may vary by lender and location.
Source: Navbharat Times
