Kia India Launches Battery-as-a-Service Finance Program to Accelerate EV Adoption and Democratize Sustainable Mobility
Driven by progressive government policies, expanding charging infrastructure, the Indian EV market is witnessing strong momentum. Reinforcing its commitment to this rapidly evolving landscape, Kia India introduced the Carens Clavis EV in 2025, which has received an encouraging response from customers for its design, technology, practicality, and overall ownership proposition.
Building on the strong market acceptance of the Carens Clavis EV, Kia India is introducing the BaaS finance program to further democratize EV ownership through flexible dual-loan options. This offering is supported by India’s leading financiers including ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank and Bajaj Finserv.
Under the dual-loan financing structure, separate loan accounts will be created for the chassis and battery, ensuring greater transparency and flexibility in EV ownership. The program offers finance plans where Carens Calvis EV ownership starts from INR 51,520 along with a transparent battery repayment plan of INR 3.3 per kilometer, making the Kia Clavis EV ownership experience more accessible and customer centric.
Commenting on the introduction of the BaaS program Mr. Sunhack Park, Chief Sales Officer, Kia India said, “At Kia India, sustainability is not limited to introducing electric vehicles, but about creating a complete ecosystem that makes EV adoption easier and more practical for customers. The Battery-as-a-Service model is a strategic step in that direction, enabling customers to experience advanced EV technology with reduced upfront acquisition costs and greater financial flexibility. This initiative aligns with our broader vision of shaping a smarter and more sustainable mobility future for India with our first made-in-India electric vehicle, the Kia Carens Calvis EV.”
The financing structure offers flexible tenure options of up to 60 months for the vehicle body and up to 96 months for the battery component, enabling customers to adopt electric mobility with enhanced affordability and reduced financial burden.