Can BaaS and buyback revive the Creta Electric?

Hyundai made an electric car called the Creta Electric.

It is a very good car that can drive about 400 kilometres in the city on one charge.

But buying it cost a lot of money, so it did not sell as well as Hyundai hoped.

In fact, it came in 12th place among electric cars sold in India.

Hyundai thinks the high starting price scared buyers away.

So it made a new plan to make the car cheaper to start with.

Now you can buy the car without the battery and pay a small fee for every kilometre you drive.

Hyundai will also buy the car back after three years and pay you 60% of what you spent.

With this plan, buying the car becomes easier and less risky.

Hyundai hopes more people will buy the Creta Electric now.