In this article, we’ll estimate the ex-showroom price range of the new Punch EV 2023 — Tata’s upcoming electric SUV in the B1 segment. It will compete with other affordable electric cars like the MG Comet EV, Citroen eC3, Tata Tigor EV and Tata Tiago EV. We’ll explain the logic behind the expected price along with the reasons to support our estimations. As and when we get more information affecting our Tata Punch EV price estimations, we’ll update this article to accommodate new findings.
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:
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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: Is Tata Nexon 2023 A Facelift Or A New Generation Car?
2023 Tata Nexon Facelift Expected Price Calculation – With Logic
Note: Check your Car EMI with our – Car Loan EMI Calculator
Petrol Vs Electric — Price Comparison
The jump from a comparable petrol car to electric costs around Rs. 4.0 lakh in the case of the Tiago. For the Tigor, the jump from petrol-automatic to EV is around Rs. 4.80 lakh. For the Comet EV, we don’t have a petrol-automatic version to form a baseline.
However, in the case of the Citroen C3, the jump from 1.2L normal petrol to electric powertrain will cost you around Rs. 3.50 lakh. Please note that the petrol C3 doesn’t get an automatic transmission. The eC3 will work just like an automatic as it doesn’t need gear changes. Once you factor the cost of an affordable AMT automatic, you’ll get a tentative price jump of Rs. 4.0 lakh for the eC3.
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Tata Punch EV — Expected Price 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. 4.0 lakh price jump for the electric powertrain over the petrol-automatic, we end up with an estimated starting price of Rs. 11.50 lakh for the Punch EV.
On the higher side, it could stretch up to Rs. 14.0 lakh, which is about Rs. 4.0 lakh more than the Creative Flagship automatic. A price range of Rs. 11.50 lakh to Rs. 14.0 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.
Please note that we’re expecting the Punch EV to maintain the status quo of costing around Rs. 4.0 lakh more than the comparable petrol-automatic variant. Even in the case of the Nexon petrol-automatic and Nexon EV Prime, the price gap is around Rs. 4.0 lakh only.
With our price estimates, the Punch EV will plug the gap between the Tigor EV and the Nexon EV Prime in Tata’s electric vehicle portfolio. Meanwhile, an SUV body style should make it quite popular too. In my opinion, Rs. 15.0 lakh (on-road) for a car the size of Punch is quite a lot 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.
Also Read: 2023 Tata Nexon (Facelift) – 10 Features & Updates (Expected)
Honda Elevate Expected Price Calculation With Logic (Updated: Aug 9)
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