Kia India has introduced a new Battery-as-a-Service (BaaS) finance program for the Kia Carens Clavis EV. With this move, the carmaker aims to reduce the upfront 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. Apart from this, customers will have to pay battery subscription charge of Rs 3.3 per kilometer. The program is supported by leading financial institutions including ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank and Bajaj Finserv.The standard variant 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 at Rs 26,650. The extended-range variant is priced at Rs 21.99 lakh, while its chassis-only variant is priced at Rs 15.94 lakh and EMI starts at Rs 33,099.
Kia also offers flexible repayment tenure. 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 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 variant.To support EV buyers, Kia says its MyKia app-based K-Charge platform currently offers access to over 15,000 charging points across the country. The app also supports live charger availability, route planning and integrated payments.
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