Try GOLD - Free
MG battery rental blueprint inspires Maruti, Tata
Financial Express Kochi
|February 22, 2026
Toyota, VinFast also to offer plan, which lowers costs
THIS WEEK, THE electric vehicle (EV) market witnessed a big shift as India's two largest carmakers embraced the battery-as-a-service (BaaS) model. Following Maruti Suzuki's entry with the eVitara on Tuesday, Tata Motors launched the new Punch EV on Friday with a battery rental scheme.
The entry-level model of the eVitara costs ₹15.99 lakh upfront. But under BaaS, the price drops to just ₹10.99 lakh, plus running cost of ₹3.99 per km. The telematics system of the eVitara will track the number of kilometres driven, and the car owner will be billed each month based on that usage. If the car is driven, let's say, 1,000 km, the BaaS bill will be ₹3,990.
This story is from the February 22, 2026 edition of Financial Express Kochi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Kochi
Financial Express Kochi
Sleek, comfortable to use
A BIGGER BATTERY ALLOWS FOR ALL-DAY USAGE
1 mins
February 23, 2026
Financial Express Kochi
Online shopping could be AI’s next victim
SINCE THE DAWN of retail, merchants’ primary job has been to tempt human shoppers to part with their cash.
2 mins
February 23, 2026
Financial Express Kochi
Russia hits Kyiv overnight; war about to enter fifth year
RUSSIAN FORCES ATTACKED Ukraine’s capital and other targets with missiles and drones overnight, days before the Kremlin’s full-scale war on its neighbour enters a fifth year.
1 min
February 23, 2026
Financial Express Kochi
Wikipedia’s evolving role in an AI world
WIKIPEDIA CO-FOUNDER JIMMY
1 mins
February 23, 2026
Financial Express Kochi
...India's new travel itinerary
THE SPIRITUAL TRAVEL momentum shows little sign of slowing.
1 min
February 23, 2026
Financial Express Kochi
Trump trade gamble to continue
THE SUPREME COURT may have ruled 6-3 against President Trump’s use of an international emergency law to impose tariffs.
1 min
February 23, 2026
Financial Express Kochi
New RBI norms may trim banks' fee income
MIS-SELLING GUIDELINES, BROKER FUNDING CURBS EXPECTED TO WEIGH ON BANK REVENUES
3 mins
February 23, 2026
Financial Express Kochi
'Performance matters; control matters just as much'
DataDirect Networks (DDN) is the only independent data intelligence technology Nvidia has relied on internally for the past eight years, and it’s been key to driving GPU efficiency inside Nvidia’s own AI infrastructure.
2 mins
February 23, 2026
Financial Express Kochi
VCs play the waiting game
MULTIPLE FUNDS ARE often seen investing in the same late-stage rounds, although there is an abundance of capital.
1 min
February 23, 2026
Financial Express Kochi
MNC share in Indian pharma market shrinking
THE SHARE OF multinational drug companies in India's pharmaceutical market has decreased by a third in the last decade.
1 min
February 23, 2026
Listen
Translate
Change font size