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.
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.
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”.
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