Archive · 29 Aug 2026
Mahindra Expands BaaS, Pushing Electric SUVs Below ₹15 Lakh
Mahindra is offering a different way to pay for some electric SUVs.
The car price looks lower because the battery is paid for separately.
The BE 6 SPORTEQ starts at ₹11.45 lakh under this plan.
The XEV 9S starts at ₹12.65 lakh, while the XEV 9e starts at ₹13.90 lakh.
The battery payment is advertised at an effective rate of ₹3.75 for every kilometre.
Mahindra says the plan can make electric cars easier for more people to consider.
However, buyers still have to pay for the battery through another agreement.
The company says it expanded the programme after receiving a strong customer response.
Mahindra has expanded its Battery-as-a-Service programme across the BE 6 SPORTEQ, XEV 9S and XEV 9e.
The BaaS scheme removes ₹8 lakh from each vehicle’s advertised upfront price and finances the battery separately.
BaaS prices start at ₹11.45 lakh for the BE 6 SPORTEQ, ₹12.65 lakh for the XEV 9S and ₹13.90 lakh for the XEV 9e.
Mahindra advertises an effective battery usage cost of ₹3.75 per kilometre, based on a monthly payment starting at ₹6,975.
The programme lowers the entry price of Mahindra’s electric SUVs but does not make the battery free or eliminate its separate financing cost.
- Who
- Mahindra & Mahindra, an Indian carmaker, and buyers of its electric SUVs.
- What
- Mahindra expanded its Battery-as-a-Service financing programme across the BE 6 SPORTEQ, XEV 9S and XEV 9e.
- When
- The expansion was announced on Friday, August 29, 2026; the BE 6 SPORTEQ programme had been introduced earlier in August.
- Where
- India.
- Why
- Mahindra said strong customer response supported the expansion and that separating battery financing lowers barriers to electric-vehicle adoption.
Lower upfront price
Separate battery cost
Effect on EV affordability
Lower upfront price
Mahindra’s scheme brings large electric SUVs into an advertised ₹12-15 lakh shopping bracket, potentially making them visible to buyers who might otherwise consider petrol, diesel or CNG vehicles.
Separate battery cost
The lower advertised price is not a discount on the complete vehicle cost because the battery is financed through a separate agreement.
Battery payment model
Lower upfront price
Customers can reduce the initial purchase price and pay for battery use through a separate monthly arrangement.
Separate battery cost
Mahindra’s ₹3.75-per-kilometre figure is based on an illustrative usage level, while the monthly payment remains fixed regardless of the customer’s actual monthly driving.
Customer adoption
Lower upfront price
Mahindra said an overwhelming response to the programme encouraged it to extend BaaS across more electric SUV variants.
Separate battery cost
The experience cited from JSW MG Motor India suggests the lower headline price may attract shoppers even though only about 5-7% of its buyers choose battery subscriptions.
- Programme
- Battery-as-a-Service, or BaaS
- Upfront price reduction
- ₹8 lakh removed from the advertised vehicle price
- BE 6 SPORTEQ BaaS price
- Starts at ₹11.45 lakh, ex-showroom
- XEV 9S BaaS price
- Starts at ₹12.65 lakh
- XEV 9e BaaS price
- Starts at ₹13.90 lakh
- Battery payment
- Advertised effective usage cost of ₹3.75 per kilometre, with monthly payments starting at ₹6,975
- Battery coverage
- The programme applies to 59-kWh, 70-kWh and 79-kWh battery variants
- Industry comparison
- JSW MG Motor India introduced BaaS with the MG Windsor; about 5-7% of its buyers currently choose battery subscriptions
