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Kia launches BaaS finance program for the Clavis EV Standard range starts at Rs 12.84 lakh plus 3.3 per km as rental for battery New dual-loan financing structure launched
Kia India has announced the launch of its Battery-as-a-Service (BaaS) finance program for the Kia Carens Clavis EV. With BaaS program, the Carens Clavis EV prices starts at Rs 12.84 lakh for the standard model. The Long-Range model is available at a price tag of Rs 15.94 lakh. Customers will have to pay Rs 3.3 per km as rental for battery.
Launched in 2025, the Kia Carens Clavia EV has received a positive response from customers for its design, tech, practicality and overall ownership proposition. The new BaaS finance program has been introduced to democratise EV ownership through 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.
Also See - New Kia Syros EV Fresh Details Out
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Amit is responsible for the content creation on the Carlelo website with an objective to serve the online visitors to the best of his abilities. He has a vast experience of over 12 years in motoring journalism and has worked with multiple automotive brands including CarDekho, IndiaCarNews and Zee Network (India.com Auto)
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