Automobile

Mahindra Reva Slashes e2o Electric Car Price by Up To Rs 1.7 Lakh to Boost Fuel Efficient Car Sales

Mahindra Reva Electric Vehicles, a part of the Mahindra Group, on Tuesday slashed the price of its electric car e2o by up to Rs 1.7 lakh by introducing a scheme under which a consumer pays a rental fee for the battery.

Under the scheme, a customer needs to pay ‘energy fee’ starting from Rs 2,599 per month which will allow the user to drive 50,000 km (800 km of usage per month) over 5 years. The company will also provide 24×7 assistance and guarantee a courtesy car during battery repair period. For instance, in Delhi the base variant of the e2o will come at Rs 4.99 lakh as against Rs 6.5 lakh earlier

The sales of the electric car have been not up to expectations since it was launched in March last year with less than 500 units. Expressing disappointment over the interim Budget proposals, he said: “It has done something for the conventional car but the electric segment has been left out.”

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