Kia India has introduced Battery-as-a-Service (BaaS) finance program for it’s first ‘Made-In-India’ electric vehicle, the Kia Carens Clavis EV. Designed to accelerate electric vehicle adoption in India, the initiative aims to make EV ownership significantly more accessible by offering customers greater financial flexibility.

Building on the strong market acceptance of the Carens Clavis EV, Kia India is introducing the BaaS finance program to further democratize EV ownership through flexible dual-loan options. This offering is supported by India’s leading financiers including ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank and Bajaj Finserv.

Under the dual-loan financing structure, separate loan accounts will be created for the chassis and battery, ensuring greater transparency and flexibility in EV ownership. The program offers finance plans where Carens Calvis EV ownership starts from INR 51,520 along with a transparent battery repayment plan of INR 3.3 per kilometer, making the Kia Clavis EV ownership experience more accessible and customer centric.

The financing structure offers flexible tenure options of up to 60 months for the vehicle body and up to 96 months for the battery component, enabling customers to adopt electric mobility with enhanced affordability and reduced financial burden.

Kia India continues to strengthen its EV ecosystem to ensure a seamless and convenient ownership experience for customers. Through the K-Charge platform on MyKia app, users can access over 15,000 charging points nationwide, along with features such as EV route planning, live charger availability, and streamlined payment options. Further supporting EV adoption, more than 100 Kia dealerships are equipped with DC fast chargers, backed by a network of over 267 EV-ready workshops across the country.