Kamal Ghorui
Kia India has introduced a new Battery-as-a-Service (BaaS) finance programme for the Kia Carens Clavis EV. With this move, the carmaker aims to lower the upfront cost of buying an EV by separating the battery and vehicle financing into two different loans.Under the new BaaS setup, buyers can purchase the Carens Clavis EV with ownership plans starting from Rs 51,520. In addition, customers will have to pay a battery subscription charge of Rs 3.3 per kilometre. The programme is backed by major financial institutions including ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank and Bajaj Finserv.The standard version of the Carens Clavis EV is priced at Rs 17.99 lakh, ex-showroom. Under the BaaS model, the chassis price comes down to Rs 12.84 lakh, with EMIs starting from Rs 26,650. The extended-range version is priced at Rs 21.99 lakh, while its chassis-only price stands at Rs 15.94 lakh with EMIs starting from Rs 33,099.
Kia has also offered flexible repayment periods. The vehicle body loan can be financed for up to 60 months, while the battery component can be financed separately for up to 96 months.The Carens Clavis EV is Kia’s first made-in-India electric vehicle and comes with two battery pack options: 42 kWh and 51.4 kWh. The EV uses electric motors producing 99 kW and 126 kW respectively, while torque output stands at 255 Nm. Kia claims an ARAI-certified range of 404 km for the smaller battery pack and 490 km for the larger version.To support EV buyers, Kia says its MyKia app-based K-Charge platform currently provides access to more than 15,000 charging points across the country. The app also supports live charger availability, route planning and integrated payments.
