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Battery-as-a-Service
Stories tagged Battery-as-a-Service.
EV Ownership
Mahindra calls it battery-as-a-service. Its small print calls it two loans
Mahindra's EV prices look up to ₹10 lakh lower under BaaS, but buyers own the battery, repay it for as long as eight years and do not pay by distance.
Ownership
MG Hector Tomahawk EV battery rental: the break-even maths
Battery-as-a-Service cuts up to Rs 6.01 lakh off the Hector Tomahawk EV's price. Run the break-even and the scheme only beats a five-year loan below about 2,500 km a month. MG says uptake across its portfolio remains below 7 per cent.