Automotive & Parts #ev#electric vehicles
Battery-as-Service Models Cut EV Upfront Costs but Add Recurring Payment Obligations
Battery-as-Service (BaaS) plans in India cut the upfront price of EVs by up to Rs 8 lakh, but impose recurring per-km charges of Rs 2.3–5, minimum monthly usage commitments, and separate battery financing. Tata Motors, JSW MG Motor, Maruti Suzuki, and Citroen offer BaaS, with MG reporting 12-15% of EV sales through the model. The effective cost per km can rise sharply for low-mileage drivers, narrowing long-term savings.
Jul 11, 2026 1 source