Question 1

What is battery leasing for EVs?

Accepted Answer

Battery leasing for electric vehicles (EVs) is a model where you pay a monthly fee to use a battery instead of buying it upfront. With Faraday Battery, you get a 10-year lease that includes the battery, all maintenance, repairs, and replacements. This eliminates the large upfront cost of buying a battery (which can be 40-50% of the vehicle price) and removes the risk of unexpected battery failures, making electric vehicles affordable for drivers across India.

Question 2

How can drivers reduce EV battery costs?

Accepted Answer

Drivers can reduce EV battery costs through battery leasing with Faraday Battery. Instead of paying a large upfront amount to buy a battery, drivers pay a predictable monthly fee that includes the battery, all maintenance, repairs, and replacements. This model reduces daily vehicle operating costs by 50-65% compared to CNG/petrol, eliminates battery failure risk, and provides 24/7 support. No upfront investment means drivers can start earning immediately without financial burden.

Question 3

Is battery leasing better than owning a battery?

Accepted Answer

Yes, battery leasing is typically better than owning a battery for most drivers. With leasing, you avoid large upfront costs, eliminate the risk of unexpected battery failures, get all maintenance and replacements included, and have predictable monthly costs. Battery ownership means you bear all costs and risks alone - if the battery fails, you pay for repairs or replacement, which can be financially devastating. Leasing protects your daily earnings and provides peace of mind.

Question 4

What is battery as a service in India?

Accepted Answer

Battery as a service (BaaS) in India is a model where drivers pay a monthly subscription fee to use batteries for their electric vehicles instead of purchasing them. Faraday Battery offers this service for autos, taxis, buses, and fleets across India. The service includes the battery, all maintenance, repairs, replacements, and 24/7 support through Faraday TotalCare. This makes electric mobility accessible and affordable without large upfront investments.

Question 5

How does EV battery leasing work in India?

Accepted Answer

EV battery leasing in India works like a subscription service. You choose your vehicle type (auto, taxi, bus, or fleet), contact Faraday Battery, and sign a transparent lease agreement. You pay a predictable monthly fee that includes the battery, all maintenance, repairs, and replacements for 10 years. If the battery fails or needs replacement, Faraday handles it at no extra cost. The battery is installed at a nearby TotalCare centre, and you get 24/7 support throughout the lease period.

Question 6

What are the benefits of battery leasing for electric vehicles?

Accepted Answer

The benefits of battery leasing for electric vehicles include: no large upfront costs (batteries can cost 40-50% of vehicle price), predictable monthly expenses, all maintenance and replacements included, elimination of battery failure risk, 24/7 support through Faraday TotalCare, 50-65% lower operating costs than CNG/petrol, and protection of daily earnings. This model makes electric vehicles affordable and accessible for drivers across India.

Question 7

Who is battery leasing for?

Accepted Answer

Battery leasing is for auto rickshaw drivers, taxi drivers, bus and truck fleet operators, and anyone operating electric vehicles in India who wants to reduce upfront costs and eliminate battery failure risk. It's ideal for drivers who want predictable monthly expenses, comprehensive maintenance coverage, and 24/7 support. Whether you drive a three-wheeler, taxi, or operate a fleet of buses, battery leasing makes electric vehicles affordable and accessible.

Question 8

Why is battery leasing better than buying a battery?

Accepted Answer

Battery leasing is better than buying a battery because: 1) No large upfront investment (batteries cost 40-50% of vehicle price), 2) All maintenance and replacements included at no extra cost, 3) Eliminates battery failure risk - Faraday handles all issues, 4) Predictable monthly costs instead of unexpected repair bills, 5) 24/7 support through Faraday TotalCare, 6) 50-65% lower operating costs than fuel, 7) Protects daily earnings from battery-related downtime. Battery ownership means you bear all costs and risks alone.

Question 9

How much does battery leasing cost?

Accepted Answer

Battery leasing costs vary based on vehicle type and battery capacity. The monthly lease fee is designed to be affordable and predictable, typically much lower than fuel costs (CNG/petrol) - often 50-65% lower. The lease includes everything: the battery, all maintenance, repairs, and replacements. There are no hidden fees or unexpected costs. Contact Faraday Battery for specific pricing for your vehicle type (auto rickshaw, taxi, bus, or fleet).

Question 10

What happens if the battery fails during the lease?

Accepted Answer

If the battery fails during the lease, Faraday Battery handles everything at no extra cost to you. This includes rapid diagnostics, repairs, or complete battery replacement. With Faraday TotalCare, you get 15-30 minute access to trained engineers at strategically located centres. All battery issues are covered under the lease, minimizing vehicle downtime and protecting your daily earnings. You never pay for battery failures or replacements - it's all included.