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2015 Car India Mahindra Reva e2o web 9

Electric car aficionados and environmentalists have reason to be happy because the government’s new regulations make greener car a lot less expensive. In light of the recently launched Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme by the government, the Mahindra e2o will now cost Rs 4.79 lakh (OTR, Delhi). This, of course, is in addition to a fixed energy fee of Rs 2,999 per month for five years or 50,000 km, which, in effect, is a reduction of 16 per cent over the previous asking price. Being an electric vehicle, the e2o falls under the FAME incentive which is aimed at accelerating the growth of Electric Vehicles (EVs) in the market.

The government will incentivise R&D efforts in this direction and also assist in setting up charging stations across the country. As of now the company has 300-odd charging stations and be adding several more in due course of time.

Commenting on the price cut, Pravin Shah, President and Chief Executive (Automotive), Mahindra & Mahindra said “We welcome this important, progressive and timely initiative from the Central Government and the Ministry of Heavy Industries which has the potential to boost the EV industry in India and put it high on the global map. 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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