Hero Vida VX2 battery rental BaaS cost explained

The new Vida VX2 electric scooter from Hero is one of a few electric scooters today that can be bought via the BaaS (Battery as a Subscription) model. The idea behind this is to reduce the amount you need to pay when purchasing the scooter, thereby making the VX2 more accessible. 

Hero Fincorp and Vidyuttech Services Pvt. Ltd. are the two financiers whose services can be availed when purchasing the Vida VX2 on the BaaS plan. It bears mentioning that when you buy a Vida VX2, unlike with the Honda Activa electric, battery ownership is tied in with the scooter and it is not part of the swapping network. You need to pay a fee every month – only if purchased via BaaS, not if bought outright, and once the plan duration is complete, the customer has full ownership over the scooter and its batteries. 

Payments for the VX2’s BaaS service differ with each plan which we will break down along with its cost in this story.

Hero Vida VX2 Go BaaS costing explained

VX2 Go available with 2 plan options

The base VX2 Go variant is available to purchase with two distinct BaaS plans, depending on the duration you choose – 3 years or 5 years. For the 3 year plan, Hero’s plan will cost you Rs 1.24 per km and the company says you must cover a minimum of 1,200km per month (approx. 40km every day), for which the monthly total bill will be Rs 1,488. The same charges will apply even if the entire 1200km are not covered in the month. 

The other BaaS plan for the VX2 Go is for a 5 year tenure and Hero will charge you Rs 1.47 per km for that. The company requires a lower monthly running of 750km (25km each day) with this plan and your monthly payment will work out to Rs 1,103. 

Hero Vida VX2 Plus BaaS costing explained

VX2 Plus available with 3 plan options

Coming to the more expensive VX2 Plus variant, Hero offers you three BaaS plans with differing tenures. If you opt for the 2 year plan, Hero will charge you Rs 2,160 per month, which gives you a monthly distance of 2,400km. Per km charge for this plan is the lowest in the entire VX2 lineup, at Rs 0.90.

Stepping up to the three year plan will cost you Rs 1,584 a month, with this plan giving you a monthly distance of 1,600km. The per km charge here is slightly higher at Rs 0.99. Finally, the most affordable plan, for a 5 year tenure gives you a monthly distance of 800km, while costing you Rs 1,128 every month. This plan charges Rs 1.41 per km. 

Over and above these monthly charges, customers will have to pay a one-time fee of Rs 1,199 to cover stamp duty and documentation charges. Recently, Hero has rolled out introductory offers on the Vida VX2 models, bringing their already competitive prices down even further and to read more about that, tap HERE.

All figures mentioned above as per Vida claimed numbers

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