Benefits of BaaS​

Battery-as-a-Service (BaaS) makes EV ownership more accessible and affordable by shifting a large portion of the cost from an upfront payment to a predictable monthly subscription.

Key benefits include:

• Lower starting price for the scooter
• Predictable monthly subscription fee for battery usage
• Unlimited riding with no monthly kilometre cap
• Battery protection for the entire subscription tenure

TVS has introduced Battery-as-a-Service (BaaS) across its electric vehicle portfolio. Available on both Orbiter and iQube. This ownership model separates the battery cost from the vehicle price, making electric mobility more accessible, flexible, and affordable for Indian consumers. 

To be eligible, the applicant must:

1. Be at least 18 years of age
2. Possess a valid driving license
3. Fill out the application form to ascertain the customer’s credit status
4. Meet the necessary credit requirements
5. Accept the Terms & Conditions

Yes. Battery-as-a-Service is being introduced across the country and is open for bookings now.

BaaS separates the battery cost from the vehicle price, reducing the initial purchase outlay and enabling customers to move a significant portion of the cost into a usage-based monthly subscription. 

Yes, with the Parent-child Loan option under BaaS, customers get significant Cashflow savings depending on BaaS subscription plan, up to 18% savings against normal EV purchase.
For instance, a 24 month loan on scooter and 60 month battery subscription plan, the customer can save up to Rs 17,500 in just 2 years on a TVS Orbiter V1 1.8 kWh against a normal EV Plan and close to Rs 1 Lac against a petrol scooter in similar price range. Example-

• Loan on Shell – 24 months
• BAAS Subscription – 60 months
• LTV – 90%
• Annual Running – 10,000 km

Model	BAAS EV	Normal EV	Petrol
Ex-Showroom	84,500	84,500	85,000
Shell Cost	49,999
Subscription Plan / EMI @ 10.99 % (parent + child)	3,104	3,834	3,856
Charging Cost / Fuel Cost	0.17	0.17	2.2
Total Per Km Running & Charging Cost	1.2	0.17	2.2
Total Customer Monthly Outflow	3,383	4,113	7,523
Cashflow Savings over 24 months		-17,502	-99,349

No. The extended battery warranty is bundled as part of the subscription plan to provide long-term battery assurance and peace of mind. The warranty ensures battery support throughout the subscription tenure. It also ensures customers get a good resale value if they wish to sell their vehicle within the warranty period. TVS is the only EV player in the market to offer Extended warranty protection plan bundled with its BaaS offering

BaaS lowers the upfront price of the scooter while shifting a part of the cost into monthly operating expense. This makes it easier for customers to clearly see and compare the vehicle price and running cost across different fuel-types running of two-wheelers, and make significant savings on cashflows, up to 18% against regular EV purchase.
In addition, customers receive extended battery warranty coverage for the entire subscription tenure along with unlimited riding with no monthly km cap. For instance, a 24 month loan on scooter and 60 month battery subscription plan, the customer can save up to Rs 17,500 in just 2 years on a TVS Orbiter V1 1.8 kWh against a normal EV Plan.
Example-

• Loan on Shell – 24 months
• BAAS Subscription – 60 months
• LTV – 90%
• Annual Running – 10,000 km

Model	BAAS EV	Normal EV
Ex-Showroom	84,500	84,500
Shell Cost	49,999
Subscription Plan / EMI @ 10.99 %	3,104	3,834
Charging Cost / Fuel Cost	0.17	0.17
Total Per Km Running & Charging Cost	1.2	0.17
Total Customer Monthly Outflow	3,383	4,113
Cashflow Savings over 24 months		-17,502

TVS BaaS is a financial instrument that allows you to ride UNLIMITED with no monthly kilometre capping, along with a more accessible starting price for your EV. You get additional 2 years and 20,000 km coverage over and above your standard warranty offering as part of the BaaS Subscription plan, irrespective of the choice of tenure and variant.

Customers can choose a subscription tenure ranging from 12 to 60 months, with corresponding monthly subscription plans. Please contact your nearest dealership

No. The TVS BaaS model offers unlimited kilometre usage with no monthly cap. Customers also receive an extended battery warranty of 5 years or 70,000 km in case they go for 5 years tenure. 

During the subscription tenure, customers subscribe to the battery instead of paying its full cost upfront. Once the selected tenure is completed, no further subscription payments are required and battery ownership is transferred to the customer.

Battery performance is covered for the entire tenure under the battery warranty (upto 5 years or 70,000 km based on tenure). Customers continue to receive service support and assurance throughout the warranty covered for the entire tenure.

No. At the end of the selected tenure, full ownership of the vehicle remains with the customer. The hypothecation closure process is completed and all necessary documents are handed over to the customer.

Yes. Customers can purchase the scooter outright and opt for the battery subscription separately.

BaaS improves affordability and flexibility by reducing the initial purchase outlay while offering predictable monthly payments and long-term battery assurance.

• Key advantages include:
• More accessible starting price
• Predictable monthly outlay
• Unlimited usage for daily riders
• Extended battery warranty coverage

No income tax exemptions apply under the BaaS model

Customers select their subscription tenure at the time of purchase and commit to the chosen plan for the duration of the tenure.

Not at all. You get the same battery, and same performance.

Currently there are no restrictions on the number of kms a customer can ride on his EV under the BAAS plan. However, BAAS plan is not available for commercial use. (Fleet Operator/Taxi)

TVSM BAAS is your unlimited KM plan and battery protection for the entire tenure. There is no restriction on the KM run once you have frozen the plan. Like in broadband you have unlimited data usage plan, and you have limited data usage plan.

The RC card would be on the name of the customer. The vehicle (including the battery) will be hypothecated in the name of financier who is offering BAAS.

The vehicles would have the usual green board with white numbers and alphabets

The customer is responsible for ensuring that their vehicle is serviced during the periods prescribed by the OEM. This includes having the vehicle inspected at regular intervals.
The customer is also responsible for maintaining the battery and charger. This includes keeping the battery charged and following the manufacturer's instructions for charging and storing the battery.
Here are some tips for maintaining your EV: 

• Read the owner's manual: The owner's manual will provide you with specific information about how to maintain your EV.
• Schedule regular maintenance: Have your EV serviced at regular intervals, as recommended by the OEM.
• Inspect the vehicle regularly: Inspect the vehicle regularly for any signs of wear or damage.
• Keep the battery charged: Keep the battery charged to its full capacity as often as possible.
• Follow the manufacturer's instructions: Follow the manufacturer's instructions for charging and storing the battery.

By following these tips, you can help to ensure that your vehicle stays in good condition and provides you with many years of trouble-free riding.