Mahindra Electric has joined hands with Mahindra Finance to introduce SmartLease in the country. SmartLease is a first of its kind leasing scheme for individual customers of the Mahindra e2oPlus, the all-electric CitySmart car. The variants of the e2oPlus which will be available on lease are the P4 and P6. Customers can avail of the scheme by calling 1800 266 4046 toll free, or by giving a missed call on 022 3921 9550, followed by an appointment with a Mahindra Electric representative from the nearest dealer.
Speaking about SmartLease, Mahesh Babu, CEO, Mahindra Electric said, “As a pioneer in the electric vehicles segment, our focus goes beyond just developing EVs. We are happy to introduce this first of its kind leasing offer for our retail customers in association with Mahindra Finance. This customer-friendly SmartLease scheme aligns with our larger vision of transforming the face of mobility in India. With SmartLease, I am sure that more customers will choose to drive electric vehicles and we will be able to make green mobility a reality in India.” The SmartLease scheme will be available for retail customers of the e2oPlus, across Delhi, Bengaluru and Pune at an introductory fixed monthly cost of Rs. 15,999 for the e2oPlus P4 and Rs 17,999 for the e2oPlus P6.
V Ravi, Executive Director & Chief Financial Officer, Mahindra Finance said, “Mahindra Finance pro-actively identifies customer needs and launches new products to meet their requirements. This first of its kind leasing scheme will meet the changing needs of those customers who prefer convenience over ownership. Our well-designed, inclusive scheme is being offered at an extremely attractive monthly lease rental and we anticipate electric vehicles coupled with leasing will become a growth driver for the automotive sector.” The down payment for the scheme is a nominal Rs. 50,000 for Pune and Bengaluru based customers. In Delhi there is an initial cost of Rs 1.50 Lakhs which will get refunded under the Delhi state government subsidy for electric vehicles.
The availability of the SmartLease scheme will allow customers to lease the e2oPlus for a fixed monthly cost, making EV ownership more affordable. The SmartLease scheme will include insurance and maintenance at no additional cost, ensuring a hassle-free experience while using the car. The customer can take a test drive of the Mahindra e2oPlus, interact with a Mahindra Finance representative about the terms of the lease, before initiating the verification process and paperwork to lease the car. In addition to the leasing option, customers will continue to have the option of purchasing the e2oPlus. With this product, Mahindra Finance is helping customers fulfil their aspiration of driving their desired vehicles without necessarily owning them.