India, Feb. 20 -- Tata Motors PV Ltd. has launched the updated Punch.ev, offering battery-as-a-service for the first time, as India's largest EV maker eyes price parity with ICE equivalents.

The sub-compact electric SUV is now available at an ex-showroom price of Rs.9.69 lakh. The price goes down to Rs.6.49 lakh under the BaaS financing model. The battery EMI is fixed at Rs.2.6/km.

"The new Punch.ev, makes electric mobility truly accessible, practical and worry free for every household," Shailesh Chandra, managing director of Tata Motors PV and Tata Passenger Electric Mobility Ltd., said in a statement. According to him, the Punch.ev resolves the core concerns that have held consumers back from choosing an entry-level EV as their primar...