Hyundai Creta EV launched in India with Battery as a Service model from Rs 10.99 lakh

Hyundai has introduced the Creta EV in India with prices starting at Rs 10.99 lakh, incorporating a Battery as a Service (BaaS) model that separates battery ownership from the vehicle purchase. The pricing and ownership structure were reported by Gaadiwaadi.com.

Why it matters: The BaaS model could reshape EV charging and energy service procurement in India by decoupling battery costs from vehicle prices, potentially accelerating fleet electrification and creating new opportunities for battery leasing and charging infrastructure providers.