In order to boost the use of electric vehicles, Kia India has launched Battery-as-a-Service (BaaS) finance program for its first-ever ‘Made-in-India’ electric vehicle, the Kia Carens Clavis EV. The program is meant to ease down the financial burden of electric vehicles in order to promote their usage.
As a response to the positive market reception shown towards the Carens Clavis EV, Kia India has decided to launch the BaaS finance program that offers customers the chance to purchase their own electric vehicle using flexible financing options. Such a scheme is backed up by India’s top financiers like ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Bajaj Finserv.
Also Read : New Honda City Spotted Ahead of India Launch on May 22
The dual loan financing will provide two separate loans for both chassis and battery in order to make purchasing electric vehicles easier and more transparent. As such, the program provides customers with a finance option to purchase Kia Clavis EV from as low as INR 51,520 with a transparent battery repayment plan at INR 3.3 per kilometer.
The financing mechanism allows for a flexible tenure period of 60 months for the car body and 96 months for the battery element, thus making it possible for customers to embrace electric transport at a more affordable cost.
Also Read : Jaguar Type 01 Name Confirmed for Radical New Electric GT
In that regard, the company is continually working towards enhancing its ecosystem of EVs to offer customers an unparalleled experience of owning their vehicles. The K-Charge application found on the MyKia application offers customers an opportunity to locate over 15,000 charging stations in addition to offering functions such as EV-route planning, live status of chargers, and payment options. Besides, over 100 Kia dealerships have DC fast chargers that work through a vast network of over 267 EV capable workshops.
