Mahindra Expands Battery-as-a-Service Across Full Electric Origin SUV Range
Mahindra is extending its Battery-as-a-Service programme to all Electric Origin SUVs, letting buyers finance the battery separately and lower their upfront cost.
- ₹11.45 Lakh
- ₹12.65 Lakh
- ₹13.90 Lakh
- ₹3.75/km
What Happened
Mahindra has announced the expansion of its Battery-as-a-Service (BaaS) programme across its entire Electric Origin SUV portfolio. The programme, first introduced with the launch of the BE 6 SPORTEQ, is now available on the BE 6 SPORTEQ, XEV 9S and XEV 9e. It enables customers to finance the vehicle and battery separately through a unique dual-financing structure, which the company says significantly lowers the upfront purchase cost and provides greater flexibility in managing monthly outflows.
- ₹11.45 Lakh
- ₹12.65 Lakh
- ₹13.90 Lakh
Mahindra said the programme received an overwhelming response from customers across the country, validating demand for ownership solutions that lower barriers to EV adoption. Building on this feedback, the company has extended BaaS across all variants of the BE 6 SPORTEQ and introduced it to its flagship Electric Origin SUVs, the XEV 9S and XEV 9e. The expansion is another step in Mahindra's mission to simplify EV adoption by lowering entry barriers and putting customer choice at the centre of the ownership experience.
- BaaS is a finance product offered by the respective financier, not a pay-per-use programme.
- Finance approval is solely at the discretion of the finance partner and subject to applicable terms and conditions.
- Battery EMI starts at ₹6,975 at an effective usage cost of ₹3.75/km, assuming 60 km/day usage and a specific down payment; it varies with battery size, down payment and tenure.
- Prices exclude charging, maintenance, repair, charger cost, road tax, insurance, TCS and other statutory levies.
- BaaS is for personal use only.
Previously from Mahindra & Mahindra
Mahindra earlier added a six-seat XEV 9S from Rs 25.25 lakh ex-showroom. Today's BaaS launch is a separate ownership option that lowers the upfront price to Rs 12.65 Lakh by financing the battery separately.
Background drawn from MotorClaw's earlier coverage of Mahindra & Mahindra's official releases.
Why this matters
BaaS lowers the upfront price of an EV by splitting battery cost into a separate financing plan, making electric SUVs more accessible to buyers. The expansion across the entire Electric Origin SUV range gives customers more flexibility in monthly payments and could speed up EV adoption in India. Mahindra says the programme received an overwhelming response, validating demand for lower-barrier ownership solutions.
Terms in This Story
- Battery-as-a-Service (BaaS)
- A financing model that separates the cost of the vehicle from the cost of its battery, letting customers pay for the battery separately.
- Dual financing
- A lending structure with two separate loans or EMIs, here one for the vehicle and one for the battery.
- Effective usage cost
- The per-kilometre cost of the battery under BaaS, used to compute the battery EMI based on assumed daily usage.
- Battery EMI
- The equated monthly instalment paid specifically for the battery under the BaaS plan.
Summarised from the linked release; details can be imperfect — always verify against the original source.