Kia India has introduced a new Battery-as-a-Service (BaaS) finance program for the Kia Carens Clavis EV. With this move, the automaker aims to lower the initial cost of buying an EV by separating the battery and vehicle financing into two separate loans.Under the new BaaS setup, buyers can buy the Carens Clavis EV with ownership plans starting at Rs 51,520. In addition, customers will have to pay a battery subscription charge of Rs 3.3 per km. The program 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 comes to Rs 12.84 lakh, with EMIs starting at Rs 26,650. The range-extended version is priced at Rs 21.99 lakh, while its chassis-only price is Rs 15.94 lakh with EMIs starting at Rs 33,099.
Kia also offers flexible payment terms. Vehicle body loans can be financed for up to 60 months, while battery components can be financed separately for up to 96 months.The Carens Clavis EV is Kia’s first India-made electric vehicle and comes with two battery pack options: 42 kWh and 51.4 kWh. The EV uses electric motors that produce 99 kW and 126 kW respectively, while the torque output is 255 Nm. Kia claims an ARAI-certified range of 404 km for the smaller battery pack and 490 km for the larger version.To help 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.
