Kia Carens Clavis EV BaaS plan explained — Pay Rs 3.3 per km for the battery & finance the rest
- 1Kia India announced the BaaS finance program for the Carens Clavis EV
- 2Plan splits the car into 2 separate loans — one for the chassis, one for the battery
- 3Monthly ownership starts at Rs 51,520 down payment for the Standard variant
Kia India has officially introduced its Battery-as-a-Service (BaaS) finance program for the Kia Carens Clavis EV, the brand’s first EV built in India. Under this setup, the purchase is divided into two separate loans. One loan covers the vehicle chassis, while the second is for the battery pack with its own repayment structure. The BaaS program is supported by five major financial institutions, giving buyers multiple lender options to choose from.
How Battery-as-a-Service Works in the Kia Carens Clavis EV
In a regular car loan, the full vehicle cost is financed together and repaid through a single monthly EMI. In an EV, the battery is usually the most expensive part, which increases the loan amount and monthly payment.
The Battery-as-a-Service model on the Kia Carens Clavis EV works differently. It splits the purchase into a dual-loan financing structure. One loan is for the chassis, while the second is for the battery pack. The vehicle loan works like a normal car loan. The battery loan, however, is linked to usage. Buyers pay Rs 3.3 per kilometre driven, which means lower usage leads to lower battery repayments, while higher usage increases the cost accordingly.
Kia is positioning this as a more flexible and transparent way to finance an EV. The vehicle loan can go up to 60 months, while the battery repayment period can extend up to 96 months, giving buyers a longer window to manage the battery cost.
Kia Carens Clavis EV BaaS price
Kia has shared pricing details for both variants of the Kia Carens Clavis EV under its Battery-as-a-Service plan. The Standard variant is priced at Rs 17.99 lakh ex-showroom. Under BaaS, the chassis financing amount is Rs 12.84 lakh, with a down payment of Rs 51,520. The monthly EMI starts at Rs 26,650. The battery is charged separately at Rs 3.3 per km.
The Extended variant is priced at Rs 21.99 lakh ex-showroom. The chassis financing amount is Rs 15.94 lakh, with a down payment of Rs 60,452 and EMI starting at Rs 33,099. The same battery charge of Rs 3.3 per km applies to both variants. The only difference between the two is the chassis EMI and battery size. The Extended version offers a higher claimed range of 490 km, compared to 404 km in the Standard variant.
| Pack | Ex-showroom | Chassis Price | Down Payment | EMI from | Battery Charge | Tenure |
|---|---|---|---|---|---|---|
| Standard | Rs 17.99 lakh | Rs 12.84 lakh | Rs 51,520 | Rs 26,650/month | Rs 3.3/km | Body: 60 months, Battery: 96 months |
| Extended | Rs 21.99 lakh | Rs 15.94 lakh | Rs 60,452 | Rs 33,099/month | Rs 3.3/km | Body: 60 months, Battery: 96 months |
Which banks are backing the plan and for how long
Kia India has partnered with five major financial institutions for its Battery-as-a-Service program: ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Bajaj Finserv. With multiple lenders involved from the start, buyers get more choice in financing options. It also shows confidence from these banks in the dual-loan model, which is still new in India’s EV financing space.
As per Kia’s announcement, buyers can finance the chassis for up to 5 years, while the battery repayment can go up to 8 years. This makes it one of the longer tenure financing options available for an EV in India.
Who BaaS Is Really For in the Kia Carens Clavis EV
The BaaS plan is not for every EV buyer, but it fits a specific type of user. It works best for someone who wants a lower upfront cost, drives a steady monthly distance, and can charge at home or at work. For the Kia Carens Clavis EV, the battery cost is based on usage. At around 1,500 km per month, the battery charge is about Rs 4,950. At 2,000 km per month, it goes up to Rs 6,600. At 3,000 km per month, it reaches about Rs 9,900. At higher usage levels, this model can become more expensive than a normal full-vehicle loan.
Kia India Chief Sales Officer Sunhack Park said the idea is not just about pricing. He positioned BaaS as a broader shift in how EV ownership is planned and financed in India, not just a discount or payment scheme.
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