Suhail Gulati
News
JSW-MG and Axis Bank tie up for BaaS
JSW-MG and Axis Bank have entered into a partnership for promoting Battery as a Service (BaaS).
To reduce upfront cost, Axis Bank will offer separate loan on battery to a maximum of 8 years. This will enable some users to get 100% EV financed.
BaaS did not have many takers in the initial phase. Do you think it will work now? Should other OEMs follow suit?
I have always found this to be a creative financial scheme and nothing else. This is not a true BaaS where the battery is owned by the OEM and you pay the usage cost