Hero has launched the Vida VX2 with a Battery-as-a-Service (BaaS) model, making it the first scooter in the country to offer this service. In the BaaS model, you only need to pay for the scooter’s price, while the battery is provided on rent by the company.
This has the advantage of reducing the scooter’s cost by 30 to 40 percent. You will pay the company monthly based on the kilometers you ride. Let’s explore whether the BaaS service will benefit or disadvantage you in the long term.
Under this plan, users can use the battery by paying a fixed monthly amount instead of purchasing it. After the specified period, full ownership of the scooter transfers to the customer. The Vida VX2 comes standard with two removable batteries.
Vida VX2 Pricing and Offers
| Variant | Launch Price | Introductory Offer |
|---|---|---|
| Vida VX2 Go BaaS | ₹59,500 | ₹45,000 |
| Vida VX2 Plus BaaS | ₹65,000 | ₹58,000 |
Vida VX2 Go without BaaS was launched at ₹84,990 while the Plus variant with battery was launched at ₹99,990.
Vida VX2 BaaS Plan Complete Details
Rapid Expansion of BaaS in India
The BaaS service is expected to grow exponentially in the coming years. According to industry reports, the Battery-as-a-Service market in India was valued at USD 86.5 billion in 2024 and is expected to grow at a CAGR of 18.7% from 2025 to 2034, reaching USD 480 billion as reported by Claight. This indicates the Vida VX2’s BaaS model an initial step in the right direction.
Affordable Daring Plan
The BaaS plans for VX2 Go include Plan 1 (3 years / ₹1,488/month / ₹1.24/km) and Plan 2 (5 years / ₹1,103/month / ₹1.47/km). Meanwhile, VX2 Plus offers the most affordable rate of ₹0.90/km, which is the lowest among current mid-range EV scooters.
Once a plan is selected, it cannot be changed. Hero has fixed the plans for this service, meaning once you choose a plan, it cannot be altered. If a customer exceeds the agreed-upon kilometers, a fixed charge per kilometer will apply, which can be adjusted quarterly or through negotiation with the financier.
Significant Savings Compared to Petrol
Let’s see how much you can save with this service with an example. If you ride 1,200 km per month, choosing VX2 Go’s Plan 1 will cost ₹1,488 monthly i.e, equivalent to ₹1.24/km. This is approximately ₹8,000–₹10,000 less per month compared to a petrol scooter costing ₹2,136.
Total Cost of Ownership (TCO)
Including the initial payment, BaaS charges, stamp duty, and monthly fees, the total cost over 5 years could range from ₹90,000 to ₹1,00,000. However, the ownership value of the vehicle may exceed ₹1.5 lakh during the same period.
Vida VX2 BaaS Package Full Info
VX2 Go Plan Options
| Duration | Monthly Limit (km) | Monthly Fee | Per Km Cost |
|---|---|---|---|
| 3 Years | 1,200 km | ₹1,488 | ₹1.24/km |
| 5 Years | 750 km | ₹1,103 | ₹1.47/km |
VX2 Plus Plan Options
| Duration | Monthly Limit (km) | Monthly Fee | Per Km Cost |
|---|---|---|---|
| 2 Years | 2,400 km | ₹2,160 | ₹0.90/km |
| 3 Years | 1,600 km | ₹1,584 | ₹0.99/km |
| 5 Years | 800 km | ₹1,128 | ₹1.41/km |
Over-Usage Charges
You might be wondering what if you exceed the agreed limit? In that case you will have to pay an additional charge of ₹0.96–₹1.41/km will apply, which will be adjusted quarterly or through an agreement with the financier.
Is BaaS Right for You?
Here are three points that you need to consider to find your answer:
- Low Upfront Cost: The BaaS model starts at just ₹44,990–₹58,000, compared to ₹84,990–₹1 lakh with a battery included.
- Long-Term Savings: If your monthly mileage stays within the limit, the per-kilometer cost ranges from ₹0.90–₹1.24, which is still 5–7 times cheaper than a petrol scooter.
- Market Direction: BaaS is rapidly growing in India, with billions of dollars in investment, potentially becoming a game-changer for EV adoption in the next decade.
Our Verdict
In our opinion, if you want to buy an e-scooter with a low initial cost or without the burden of EMIs, opting for the Vida VX2’s BaaS model could be a good decision. You only need to pay for the battery monthly, reducing the financial burden while offering a flexible ownership experience.
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