Mahindra Expands Battery-as-a-Service Across Electric Origin SUVs

Mahindra Expands Battery-as-a-Service Across Electric Origin SUVs

On August 28, Mahindra expanded its Battery-as-a-Service program across its complete Electric Origin SUV range, covering the BE 6 SPORTEQ, XEV 9S and XEV 9e. The initiative allows customers to finance the vehicle and battery separately through a dual-loan structure. The expanded program is intended to provide a distinct financing approach for Mahindra’s electric SUVs, with BaaS available across all variants of the three models rather than being limited to selected versions within the range.

Electric SUV Pricing Under the BaaS Program

Under the expanded BaaS structure, the BE 6 SPORTEQ is available at INR 1.15 million, while the XEV 9S starts at INR 1.27 million and the XEV 9e starts at INR 1.39 million. These prices apply to the vehicle component of the financing arrangement, while the battery is financed separately. For all three electric SUVs, the battery financing is based on an effective usage cost of INR 3.75 per km, providing a common usage-linked cost structure across the range.

BaaS Covers All Variants of the Three SUVs

The program is available across every variant of the three Electric Origin SUVs, giving customers the same BaaS availability throughout the respective model lineups. The expansion therefore applies to the BE 6 SPORTEQ, XEV 9S and XEV 9e without restricting the financing structure to particular configurations. By extending the arrangement across the entire range, Mahindra has made the separate vehicle-and-battery financing model a broader purchasing option for its electric SUV portfolio.

Battery Financing Uses a Common Usage Cost

The battery component of the BaaS arrangement uses an effective usage cost of INR 3.75 per km for all three models. This approach separates the battery financing from the vehicle financing while establishing the same per-kilometer usage cost across the BE 6 SPORTEQ, XEV 9S and XEV 9e. The structure applies throughout the available variants, creating a consistent battery-cost framework for customers purchasing the Mahindra Electric Origin SUV range through the BaaS program.

Frequently Asked Questions

What is Mahindra’s Battery-as-a-Service program?
Mahindra’s Battery-as-a-Service program separates vehicle and battery financing through a dual-loan structure for its Electric Origin SUVs. The expanded arrangement covers the BE 6 SPORTEQ, XEV 9S and XEV 9e, with BaaS available across all variants of these three models. The vehicle prices start at INR 1.15 million, INR 1.27 million and INR 1.39 million, respectively. Battery financing for all three SUVs is based on an effective usage cost of INR 3.75 per km, providing a common usage-linked cost structure across the range.