Mahindra Electric & Mahindra Finance announces decision to lease electric car

DSIJ Intelligence / 02 Aug 2017

 Mahindra Electric & Mahindra Finance announces decision to lease electric car

On Wednesday, Mahindra Electric and Mahindra Finance has announced the introduction of SmartLease, a first of its kind leasing scheme for individual customers of the Mahindra e2oPlus, the all-electric CitySmart car.

On Wednesday, Mahindra Electric and Mahindra Finance has announced the introduction of SmartLease, a first of its kind leasing scheme for individual customers of the Mahindra e2oPlus, the all-electric CitySmart car.  

Across Delhi, Bengaluru and Pune, the SmartLease scheme will be available for retail customers of the e2oPlus, at an introductory fixed monthly cost of Rs 15,999 for the e2oPlus P4 and Rs 17,999 for the e2oPlus P6. 

In Delhi, there is an initial cost of Rs 1,50,000 which will get refunded under the Delhi state government subsidy for electric vehicles, while the down payment for the scheme is a nominal Rs 50,000 for Pune and Bengaluru based customers. 

The SmartLease scheme will include insurance and maintenance at no additional cost, ensuring a hassle-free experience while using the car, and will also make EV ownership more affordable.

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