Mahindra e2o receives a price slash of INR 92,000 – IAB Report
Posted on: May 2, 2015 - 4:15pm IST
Price slash due to new government incentive.
The Mahindra e2o is now more affordable than before thanks to a new initiative called FAME (Faster Adoption and Manufacturing of Electric vehicles) formed by the central government.
The scheme reduces the car’s price by 16 percent from its earlier price of INR 5.71 lakh (on road Delhi) along with a fixed energy fee of INR 2,999 per month for five years or 50,000 km.
The car has a lithium-ion battery pack that takes five hours for a full charge and weighs 830 kg. It delivers a range of 120 km and a top speed of 90 km/h.
The e20 was launched in 2013, long before the government introduced any incentives for electric vehicle. Without such incentives, the high price and low popularity of EVs led to its poor response in the market.
Mahindra e2o price slashed by INR 92,000 – Press Release
[Can’t see the press release? Head over to Slideshare]