On Road Price Of Indica Vista In Mumbai

Mahindra slashes electric car e. Rs 9. 2,0. 00 NEW DELHI: Homegrown auto major Mahindra & Mahindra has slashed the price of its electric small car 'e. Rs 9. 2,0. 00 following the launch of a central government scheme offering incentives on electric and hybrid vehicles.

The e. 2o, manufactured by the company's arm, Mahindra Reva Electric Vehicles will see a reduction in price by 1. Rs 5. 7. 1 lakh (on road Delhi) along with a fixed energy fee of Rs 2,9. The car will now be available at Rs 4.

Delhi), while the fixed energy fee remains the same. READ ALSO: Mahindra electric car 'e. Rs 5. 9 lakh in Delhi. The reduction makes the car more affordable and attractive to own. Under the FAME scheme, the government offers incentives on electric and hybrid vehicles of up to Rs 2.

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Rs 1. 3. 8 lakh for cars. FAME is a part of the National Electric Mobility Mission Plan. The scheme envisages Rs 7. The phase- 1 of the scheme will be implemented over a two year period in 2. Rs 7. 95 crore, out of which Rs 5. Mahindra currently sells the vehicle in various cities like Delhi, Bangalore and Pune and Nepal.

On Road Price Of Indica Vista In Mumbai Who Made

On Road Price Of Indica Vista In Mumbai Metro

It sold less than 6. READ ALSO: Mahindra Reva slashes e.

Rs 1. 7 lakh. When asked if the reduction in price would help the company sell more units this year, Shah said there was no expectation of a change dramatically. Going ahead, we are looking closely at cities like Hyderabad, Ahmedabad and Bhopal. When asked about the company's plans on exporting e. Shah said: . Further we are going to launch it in the UK market before the end of the current financial year.

In May 2. 01. 0, Mahindra Group acquired a majority stake in the company, which was then renamed to Mahindra Reva Electric Vehicles Pvt Ltd.