Mahindra Expands Flexible EV Ownership Model with Wider BaaS Rollout

Mahindra has announced the expansion of its Battery-as-a-Service (BaaS) programme across its entire Electric Origin SUV portfolio, making it available on the BE 6 SPORTEQ, XEV 9S and XEV 9e. 

Introduced with the launch of the BE 6 SPORTEQ, BaaS makes EV ownership more accessible by enabling customers to finance the vehicle and battery separately through a unique dual-financing structure. 

Under BaaS, customers can pay INR 11.45 Lakh for the BE 6 SPORTEQ and finance the battery at an effective usage cost of INR 3.75/km. This significantly lowers the upfront purchase cost while providing customers greater flexibility in managing their monthly outflow. 

The programme has received an overwhelming response from customers across the country, validating the demand for ownership solutions that lower the barriers to EV adoption. Building on this feedback, Mahindra is now extending BaaS across all variants of the BE 6 SPORTEQ and introducing it to its flagship Electric Origin SUVs, the XEV 9S and the XEV 9e. 

As part of the Battery-as-a-Service (BaaS) programme, the XEV 9S is now available at a starting price of INR 12.65 lakh, with battery financing translating to an effective usage cost of INR 3.75 per kilometre. The XEV 9e starts at INR 13.90 lakh, with the same effective battery usage cost of INR 3.75 per kilometre. The BaaS programme is also now available across all variants of the BE 6 SPORTEQ, XEV 9S and XEV 9e.