New Delhi, Feb. 27 -- Battery-as-a-Service (BaaS) is increasingly becoming popular among Indian electric vehicle consumers. The electric vehicles are considerably higher priced compared to their ICE-powered counterparts, which often pose a major challenge for consumers who feel that the pricing of the EVs is too high for them compared to petrol or diesel vehicles. Understanding this factor, the automakers selling electric vehicles have brought the BaaS schemes.

Several automakers selling electric cars in India have started selling electric cars with battery rental schemes, which not only bring down the upfront cost of the EV significantly compared to the outright pricing but also offer customers the ability to select their preferred rent...