It outpaced competitors like the Tata Nexon (1,593 units), Mahindra XUV400 (602) and Tata Curvv (1,542 units), with 3,116 units sold.
This innovative model separates the vehicle cost from the battery price, allowing buyers to pay battery EMIs based on usage, set at ₹3.5 per km.
The BAAS approach addresses the high upfront cost of EVs, easing affordability. However, it attracts a higher GST rate since battery rental is classified as a service.
The scheme also offers perks such as a lifetime battery warranty for the first owner, free public charging for a year, and an assured 60% buyback value after three years or 45,000 km.
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