The FAME-India initiative which was announced a few weeks back has already started generating positive responses. Mahindra is the first of many manufacturers who have announced a drop in the prices of their electric offering in the market.
The Mahindra e2O range now starts at Rs 4.99 lakh for the T2 Premium which was earlier priced at Rs 6.76 lakh, ex-Mumbai. The premium T2O Quick2Charge variant retails for Rs 5.38 lakh as opposed to the Rs 7 lakh plus price earlier.
Mahindra says that if there are any existing incentives applicable on the e2O, then this discount is over and above those. Currently the discount on the Mahindra e2O is applicable on Delhi and NCR, Kolkata, greater Mumbai, Bengaluru, Hyderabad, Ahmedabad, Chennai, smart cities as well as cities with one million plus population as notified by the Government.
The incentives, however, don't stretch to the battery leasing scheme which still continues at Rs 2,999/month.
The new FAME or Faster Adoption and Manufacture of Electric vehicles scheme aims at providing incentives to manufacturers to build hybrid and electric vehicles. India has one of the fastest growing economies and also one of the fastest growing auto industries.
On the negative side, we also rank highly amongst the worst polluted cities in the world. And our expected fossil fuel consumption is set to go up by a whopping 70 per cent in the next ten years. So you can see the urgency of the matter.
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