Ex-factory price plus registration, taxes and fees for FY 2026-27.
32.56 kWh Smart
Rs 5,672,625
est. on-road
Ex-factory price
Rs 5,500,000
Registration fee(95% EV exemption applied to the 2% car slab - Punjab publishes no cc-equivalence for EVs; confirm at excise office.)
Rs 5,500
Token tax (year 1)(95% EV exemption on the 0.3% slab. A 99% exemption for FY2026-27 was reported in Jul 2026 news - official page still shows 95%.)
Rs 825
Smart card
Rs 1,300
Advance income tax (s.231B)(EV rule: engine capacity n/a and value ≥ Rs 5M → 3% of value. Non-filer uplift per Tenth Schedule, not explicitly restated for this proviso.)
Rs 165,000
42.3 kWh Lux
Rs 6,600,660
est. on-road
Ex-factory price
Rs 6,400,000
Registration fee(95% EV exemption applied to the 2% car slab - Punjab publishes no cc-equivalence for EVs; confirm at excise office.)
Rs 6,400
Token tax (year 1)(95% EV exemption on the 0.3% slab. A 99% exemption for FY2026-27 was reported in Jul 2026 news - official page still shows 95%.)
Rs 960
Smart card
Rs 1,300
Advance income tax (s.231B)(EV rule: engine capacity n/a and value ≥ Rs 5M → 3% of value. Non-filer uplift per Tenth Schedule, not explicitly restated for this proviso.)
Rs 192,000
Estimates from official FY 2026-27 schedules; actual invoices vary by excise office, dealer charges and notification changes. Token tax shown is the first year only.
What it costs to run
Against a typical petrol car at 8.5 L/100km. Adjust to your own driving.
Variant
Energy
Cost / month
You save / month
32.56 kWh Smart
Electric
Rs 7,920
Rs 30,015
42.3 kWh Lux
Electric
Rs 11,610
Rs 26,325
Estimates only. Electric figures assume home/AC charging at the rate above; real cost varies with driving and charging source.
Where to charge
Type 2 / CCS2
The Box charges on Type 2 / CCS2. 154 of 163 mapped public stations can charge it.
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