India, Sept. 29 -- Tata Motors has expanded its Battery-as-a-Service (BaaS) financing programme to the Nexon EV, Curvv EV, Harrier EV and Sierra EV, bringing the option to all six electric models in its portfolio. The programme was previously available only with the Tiago EV and Punch EV. Under the scheme, customers can separate the cost of the vehicle from that of the battery, allowing them to pay a lower amount upfront when purchasing a Tata EV.

How Tata's BaaS Scheme Works The BaaS programme splits the purchase into two separate loan accounts. One covers the vehicle itself and works like a conventional car loan, while the battery is financed separately through a usage-based payment. The battery charge is calculated according to factor...