Hyundai Motor India Limited (HMIL) has introduced Battery-as-a-Service (BaaS) ownership model for the Hyundai CRETA Electric. Customers can now own the Hyundai CRETA Electric at a starting price of INR 10.99 lakh (ex-showroom), along with battery EMI starting at just INR 3.9 per kilometre.
The introduction of BaaS marks another significant step in Hyundai’s commitment towards accelerating EV adoption in India by addressing one of the biggest customer concerns of higher upfront acquisition cost.
Along with introducing the Battery-as-a-Service (BaaS) ownership model, Hyundai Motor India has further enhanced the ownership experience of the Hyundai CRETA Electric with the addition of an integrated Side Foot Step, offering ease of entry and exit for customers and elevating its premium SUV stance, based on customer response and market demand, the company will offer a 7.4 kW wall box charger in the HC variants of the line-up, enabling a customer-friendly home charging solution.
Commenting on the launch, Tarun Garg, MD & CEO, Hyundai Motor India Limited, said, The introduction of Battery-as-a-Service for the Hyundai CRETA Electric is a transformational step towards democratizing electric mobility in India. By significantly reducing the initial acquisition cost and offering flexible battery rental plans, we are enabling more customers to confidently transition to EVs while enjoying Hyundai’s trusted technology, safety and innovation.”
