Mahindra Reva slashes prices of e2o electric car

Mahindra Reva has announced that following the governments FAME incentive scheme for electric vehicles, the home grown Indian electric car, the Mahindra Reva e2o’s prices have been slashed.

The base T2 model e2o will be available from Rs. 4.79 lakh and the top model T20 variant will be available at Rs. 5.24 lakh. The reduction in price is welcomed due to the recently notified demand incentives given by the central government of India under FAME (Faster Adoption and Manufacturing of Electric Vehicles). The reduction in cost will benefit customers by 16pc over the original price. In addition to the new price of the EV, Rs. 2999 per month for 5 years or 50,000kms will be charged for energy fee.

Mahindra Reva has installed more than approximately 300 easily accessible charge ports across the country till date. Under the FAME scheme, the government has also claimed that the charging infrastructure will also be widened and made more accessible.

Pravin Shah, President & Chief Executive (Automotive), Mahindra & Mahindra said “The benefits of the scheme in terms of demand incentives will be passed on to our customers, thereby making the e2o a more compelling and viable choice for mobility. Further, with the intervention of the government towards increasing charging infrastructure coupled with our technological updates, we hope to address range anxiety, accelerate EV awareness and expand our network across the country. Going forward with the formulated policies in place, I am confident that India is set to witness a shift in changing lifestyles and a spurt in electric vehicle takers”.