Kia India has launched a Battery-as-a-Service (BaaS) finance program for the Kia Carens Clavis EV, its first Made-in-India electric vehicle. The initiative is aimed at accelerating EV adoption in the country by making electric mobility more affordable and accessible through flexible ownership and financing options.
Backed by supportive government policies and the rapid expansion of charging infrastructure, India’s electric vehicle market continues to gain momentum. Strengthening its presence in this evolving segment, Kia India introduced the Carens Clavis EV in 2025, which has received positive customer response for its design, technology, practicality, and overall ownership experience.
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 new financing model offers flexible repayment tenures of up to 60 months for the vehicle body and up to 96 months for the battery component, helping customers reduce upfront costs and make EV ownership more affordable.
Under the plan, the Standard variant of the Kia Carens Clavis EV is priced at ₹17.99 lakh (ex-showroom) with down payments starting from ₹51,520. The chassis financing amount stands at ₹12.84 lakh, while monthly EMIs start from ₹26,650, along with a Battery-as-a-Service usage charge of ₹3.3 per km.
Meanwhile, the Extended variant is priced at ₹21.99 lakh (ex-showroom), with down payments starting from ₹60,452. The financed chassis amount is ₹15.94 lakh, and EMIs begin at ₹33,099.
Kia India is also strengthening its EV ecosystem to deliver a smoother ownership experience. Through the K-Charge feature available on the MyKia app, customers can access more than 15,000 charging points across India, along with EV route planning, real-time charger availability, and integrated payment solutions.
To further support EV adoption, over 100 Kia dealerships across the country are equipped with DC fast chargers, complemented by a network of more than 267 EV-ready workshops.
