Hyundai launches Creta Electric with Battery-as-a-Service option; prices start at Rs 10.99 lakh

Hyundai Creta BaaS Launched: Hyundai Motor India Limited has introduced a Battery-as-a-Service (BaaS) option for its electric SUV, the Hyundai Creta Electric, on Thursday, July 2. With this new ownership model, the starting price of the EV has been set at Rs 10.99 lakh.

BaaS model reduces upfront cost

Under the Battery-as-a-Service plan, customers do not need to pay the full battery cost at the time of purchase. Instead, they can opt for a subscription or EMI-based payment for the battery.

The usage cost under this model is pegged at around Rs 3.9 per km. The company said the structure is aimed at making electric vehicles more affordable and easier to adopt by lowering the initial purchase burden.

Range and charging details

The Creta Electric offers a claimed driving range of up to 510 km on a single charge. It also supports fast charging, allowing the battery to charge from 10 per cent to 80 per cent in around 39 minutes under suitable charging conditions.

New features and charging option

Along with the BaaS introduction, Hyundai has added a side foot step accessory and a 7.4 kW home charger option for customers opting for the Creta Electric.

June sales impacted by production loss

On a separate note, Hyundai Motor India reported total sales of 51,335 units in June 2026, compared to 60,924 units in the same month last year, marking a decline of 15.7 per cent. Domestic sales stood at 39,635 units, while exports were 11,700 units.

The company attributed a production loss of about 13,900 units to a fire incident at one of its supplier facilities, which temporarily disrupted operations. Hyundai said production has since normalised and expects to recover the lost volumes in Q2 FY27.

Commenting on June 2026 sales results and in continuation of previous disclosures made to Stock Exchanges on June 01, 2026 and June 10, 2026, Tarun Garg, MD & CEO – Hyundai Motor India Limited, said, "In June 2026, HMIL achieved total monthly sales of 51,335 units (Domestic: 39,635units and Exports: 11,700 units) despite facing a production loss of 13,900 units owing to a fire incident at one of the supplier's manufacturing facilities which led to a temporary disruption in production."

"HMIL has taken all necessary steps to ensure production normalcy, including arranging automotive parts from alternate source locations. Our production operations have returned to normal across facilities since June 22, 2026. We expect to recover the loss in June production volume within Q2 of FY26-27," he added.

Know more here: Auto Sales Data June 2026: Maruti Suzuki, Tata Motors, Hyundai Motor India, M&M among others in focus

Price hike announced earlier

Last month, Hyundai also increased prices across its model range by up to Rs 12,800. The company said the revision was driven by rising input costs, higher commodity prices, and increased operational expenses. Click here to read more: Hyundai Price Hike Announcement: Company to increase car prices from June 1; hike up to Rs 12,800

Q4 performance

The company reported a Profit After Tax (PAT) of Rs 1,221.53 crore for the quarter, down 22.8 per cent from Rs 1,582.56 crore in the same period last year. Revenue from operations rose 5.1 per cent year-on-year to Rs 18,451.92 crore from Rs 17,561.95 crore, while total income increased 5.3 per cent to Rs 18,702.79 crore against Rs 17,763.51 crore in the year-ago period. EBITDA for the quarter stood at Rs 1,966 crore, down 22.4 per cent from Rs 2,532.7 crore in the corresponding quarter last year.