Mahindra Group's electric vehicle (EV) arm Mahindra Electric Mobility has announced that it has launched its passenger electric three-wheeler (e-3W) "Treo" in Maharashtra, priced at Rs 2.09 Lakh (ex-showroom, Mumbai). The prices include post-FAME-II, state, and early-bird subsidies.
At the price, the Mahindra Treo price undermines its IC-engine competition in the state. The company claims in addition to the initial cost of ownership, its e-three-wheeler customers will save up to Rs 200,000 in five years.
The e-3W has a peak of 8 kW and a slope climbing ability of 12.7 degrees. To make it accessible for customers the Treo is available with a low-down-payment scheme of just Rs 41 500.00 from Mahindra Finance and an interest rate of 10.8 percent from State Bank of India. A customer can also avail of the exchange of Rs 7,500 on the Mahindra Treo.
Suman Mishra, CEO, Mahindra Electric Mobility stated, "Maharashtra with its EV friendly policy has already taken the lead in electric mobility. With the launch of Mahindra Treo today, I am certain that we will help transform Maharashtra's last-mile commute into a noise and pollution-free ride. India's No.1 selling electric auto, Treo, will also enhance livelihoods with up to Rs 200,000 savings in five years."