Kia India Introduces Battery-as-a-Service Finance Program to Boost EV Adoption

NEW DELHI - Kia India, a premium automaker, has launched a Battery-as-a-Service (BaaS) finance program for its first Made-in-India electric vehicle, the Kia Carens Clavis EV. The initiative is designed to make EV ownership more affordable and flexible by reducing the upfront cost burden for customers.

With India’s EV market gaining momentum through supportive policies and expanding charging infrastructure, Kia aims to strengthen its role in the country’s electric mobility transition. The Carens Clavis EV, introduced in 2025, has already received a positive customer response for its design, technology, practicality, and ownership value.

Under the new BaaS program, Kia India is offering a dual-loan financing structure, where separate loans are created for the vehicle chassis and battery. This provides better transparency and flexibility for EV buyers. The program is supported by leading finance partners including ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Bajaj Finserv.

The ownership plan starts from INR 51,520, along with a battery repayment model of INR 3.3 per kilometre. Kia says this approach will help make the Carens Clavis EV more accessible and customer-focused.

Kia India Chief Sales Officer Sunhack Park said the BaaS model is part of the company’s broader strategy to create a complete EV ecosystem, making electric mobility easier, more practical, and financially flexible for Indian customers.

The finance program offers repayment tenure of up to 60 months for the vehicle body and up to 96 months for the battery component, helping reduce the overall financial burden of EV adoption.

Kia India is further expanding its EV ecosystem to deliver a smoother and more convenient ownership experience. Through the K-Charge platform on the MyKia app, customers can access more than 15,000 charging points across India, along with EV route planning, real-time charger availability, and easy payment options.

To support wider EV adoption, Kia has also equipped over 100 dealerships with DC fast chargers and built a network of more than 267 EV-ready workshops nationwide.

You must be logged in to respond.