This news should really come as a relief to all electric car aspirants who have yearned to purchase the Mahindra Reva at a more economical price. Mahindra Reva has sliced its e20 price by Rs. 1.77 lakh. Although its premium T2O Quick2Charge will hold its ex-showroom Mumbai price at Rs. 5.38 lakh, the base T2 e20 model will be now priced at Rs. 4.99 lakh. This brand of electric variants from Mahindra has considered slashing its price in a relatively short span of time after India’s Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme. This scheme from the Ministry of Heavy Industries and Enterprises has aptly collaborated with SIAM to allow Mahindra formidably slice price for all its Mahindra Reva e2o all-electric car base models.
Originally, the company’s base T2 variant was priced at Rs 6.76 lakh. Thanks to the alliance of FAME with SIAM, that has allowed the company to now slash its Mumbai ex-showroom e2o’s pricing at Rs. 4.99 lakh, which is a whopping Rs. 1.77 lakh reduction since its launch. More so, the premium version of Mahindra Reva has also seen a decrease of Rs 1.74 lakh from its previous price tag poised at Rs. 7.12 lakh. However, the reduction in Mahindra Reva pricing will not at all affect its buyers for all the innumerable incentives they can get from the company. This means that the slash in pricing should be looked as a lucrative add-on from Mahindra, which is gracefully passed on to its customers without any restrictions or conditions.
At the moment, buyers from the smart-cities of Mumbai, Hyderabad, Bangalore, Ahmedabad, Kolkata, Delhi and NCR, Chennai, can avail this great incentive offered by the company on the green car purchase. Further, the Government has shown its support to boost the go-green philosophy by notifying such discount availed in cities having population exceeding 10 lakh. However, its customers will not be exempted from paying the battery pack of Rs 2,999 per month under the battery leasing scheme that is offered by the company. This FAME India scheme incentive allows its customers to drive approximately 50,000km over a span of 5 years, which comes to a usage of 800km per month, thus giving owners a splendid chance to lock-in their vehicle’s running cost for a span of 5 years.
Mahindra Reva Electric Vehicles has also propelled this go-green incentive by announcing its ‘Goodbye fuel, hello electric’ scheme, primarily targeted for offering buyers an easy e2o ownership. This incredible scheme was launched on February 18 for assisting its owners to afford their e20 electric vehicle with any hassles. Through this scheme, the company has guaranteed its car owners of both battery and maintenance, however retaining the battery ownership. The Government of India has under the FAME scheme sanctioned a lucrative sum to manufacturing units for encouraging sales of xEVs and hybrid vehicles.
As such, phase 1 has been allotted Rs. 795 crore across fiscal years of 2015-16 and 2016-17 respectively. The price reduction between Rs 11,000 to Rs 138,000 for four-wheelers above 4 meters long, Rs 13,000 to Rs 124,000 for sub-4-metre four-wheelers.