Kia India has unveiled a new Battery-as-a-Service (BaaS) finance programme for the Kia Carens Clavis EV, aiming to reduce the upfront cost of purchasing an electric vehicle by separating the battery and vehicle financing into two distinct loans.
How the BaaS Programme Works
Under this innovative setup, buyers can acquire the Carens Clavis EV with ownership plans starting from Rs 51,520. Additionally, customers must pay a battery subscription charge of Rs 3.3 per kilometre. The programme is supported by major financial institutions, including ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Bajaj Finserv.
Pricing Details
The standard version of the Carens Clavis EV is priced at Rs 17.99 lakh (ex-showroom). Under the BaaS model, the chassis price drops to Rs 12.84 lakh, with EMIs starting from Rs 26,650. The extended-range version costs Rs 21.99 lakh, while its chassis-only price is Rs 15.94 lakh, with EMIs starting from Rs 33,099.
Flexible Repayment Options
Kia offers 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. This structure allows customers to manage costs more effectively.
Vehicle Specifications
The Carens Clavis EV is Kia's first made-in-India electric vehicle, available with two battery pack options: 42 kWh and 51.4 kWh. The electric motors produce 99 kW and 126 kW respectively, with torque output at 255 Nm. Kia claims an ARAI-certified range of 404 km for the smaller battery pack and 490 km for the larger version.
Charging Infrastructure
To support EV buyers, Kia's MyKia app-based K-Charge platform currently provides access to over 15,000 charging points across the country. The app also supports live charger availability, route planning, and integrated payments, making EV ownership more convenient.
