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Hyundai, Kia Bet on BaaS and Syros EV Revival
Hyundai and Kia did not sell many electric cars in India during the first half of 2026.
Together, they sold 4,693 vehicles in a market of about 150,000 electric vehicles.
Hyundai’s Creta Electric sales slowed by June.
In July, Hyundai made the car cheaper to buy by charging separately for battery use.
This system is called Battery-as-a-Service, or BaaS.
Kia also launched a new electric car called the Syros EV.
The Syros EV has a lower starting price when buyers use Kia’s BaaS plan.
These lower prices and new models could help both companies sell more electric cars in the second half of the year.
Hyundai and Kia sold 4,693 EVs combined in India during H1CY26, representing about 3% of a 150,000-unit market.
Hyundai’s Creta Electric recorded 2,181 units in H1CY26, with monthly dispatches falling to 244 units in June.
Hyundai introduced BaaS pricing for the Creta Electric in July, lowering its entry price to Rs 10.99 lakh plus Rs 3.9 per kilometre for battery usage.
Kia India sold 2,471 Carens Clavis EV units in H1CY26 and launched the Syros EV in late July.
The Syros EV starts at Rs 13.5 lakh, or Rs 7.99 lakh under Kia’s BaaS structure, potentially supporting stronger H2CY26 sales.
- Who
- Hyundai and Kia India.
- What
- The automakers are using BaaS pricing and new electric models to increase sales in India.
- Where
- India.
- When
- The sales figures cover H1CY26; the key pricing change and Syros EV launch occurred in July.
- Why
- Their combined EV sales were only about 3% of the market, so lower upfront prices and additional models are intended to improve competitiveness.
Key facts
- Combined H1CY26 sales
- 4,693 EVs for Hyundai and Kia combined
- India EV market
- 150,000 units in H1CY26
- Combined market share
- Approximately 3%
- Creta Electric H1CY26 sales
- 2,181 units
- Creta Electric BaaS price
- Rs 10.99 lakh ex-showroom, plus Rs 3.9 per kilometre for battery usage
- Syros EV standard price
- Starts at Rs 13.5 lakh
- Syros EV BaaS price
- Starts at Rs 7.99 lakh under Kia’s BaaS structure
Sources
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