📷 Image: Wikimedia Commons / Dinkun Chen
Automobile
Hyundai Creta Electric BaaS Model Launched in India
✍️ Amar Ujala · Rajasthan
🗓 03 Jul 2026, 01:15 AM
👁 45
Hyundai has introduced the Creta Electric with a Battery-as-a-Service (BaaS) model in India. This innovative approach allows customers to rent the battery, potentially lowering the initial purchase cost.
Hyundai has officially launched its Creta Electric vehicle in India, featuring a novel Battery-as-a-Service (BaaS) model. This new offering allows consumers to purchase the electric SUV without the battery, which can then be rented separately. This strategy is designed to make electric vehicle ownership more accessible by reducing the upfront investment.
The BaaS model enables customers to choose a rental plan for the battery, potentially impacting the overall cost of ownership and maintenance. Specific details regarding the rental prices, the range offered by the Creta Electric, and its feature set are now available following the launch.
This move by Hyundai signifies a growing trend in the Indian automobile market to explore flexible ownership and financing options for electric vehicles. The company aims to cater to a wider audience by addressing concerns related to battery costs, which are often a significant component of an EV's price.
The BaaS model enables customers to choose a rental plan for the battery, potentially impacting the overall cost of ownership and maintenance. Specific details regarding the rental prices, the range offered by the Creta Electric, and its feature set are now available following the launch.
This move by Hyundai signifies a growing trend in the Indian automobile market to explore flexible ownership and financing options for electric vehicles. The company aims to cater to a wider audience by addressing concerns related to battery costs, which are often a significant component of an EV's price.