Mahindra BaaS Expands: Mahindra has expanded its Battery-as-a-Service, or BaaS, programme to cover its entire range of born-electric SUVs. The scheme, which was initially introduced with the BE 6 Sporteq, is now available on the XEV 9S and XEV 9e as well.
With the programme covering every variant of all three models, Mahindra is offering customers a way to bring down the upfront cost of buying an electric SUV. Under BaaS, the vehicle and battery are financed separately instead of being bundled into one purchase price.
Customers pay for the vehicle separately and finance the battery through a usage-linked payment structure. Mahindra has kept the quoted battery usage cost at ₹3.75 per kilometre, while the starting prices of the three SUVs become significantly lower under the scheme.
Mahindra BaaS Expands
| Model | Starting Price | Battery Cost |
|---|---|---|
| BE 6 Sporteq | ₹11.45 lakh | ₹3.75/km |
| XEV 9S | ₹12.65 lakh | ₹3.75/km |
| XEV 9e | ₹13.90 lakh | ₹3.75/km |
Mahindra BaaS Programme Explained
Battery-as-a-Service is designed to reduce the initial amount customers need to pay when purchasing a Mahindra electric SUV. Instead of financing the complete vehicle and battery together, the battery is handled through a separate finance arrangement. This can make the advertised starting price look considerably lower than the regular purchase price.
However, BaaS should not be confused with a simple pay-per-use service. Mahindra describes it as a dual-loan finance product arranged through a third-party financier. Approval is handled by the financier, not Mahindra, and the battery payment is linked to usage under the applicable financing arrangement.
XEV 9S Gets Lower Starting Price
The popular Mahindra XEV 9S now starts at ₹12.65 lakh under the BaaS programme. The battery financing is based on the same quoted effective rate of ₹3.75 per kilometre used across Mahindra’s current born-electric lineup.
The lower entry price could make the XEV 9S more accessible to buyers who are interested in a premium electric SUV but want to reduce their initial financial burden. The actual battery EMI, however, can vary depending on factors such as battery capacity, down payment and loan tenure.
XEV 9e Also Gets BaaS Benefits
Mahindra’s XEV 9e is also included in the expanded BaaS programme. Its starting price under the scheme is ₹13.90 lakh, with the battery financing again based on the quoted ₹3.75 per kilometre usage cost.
Because the per-kilometre battery rate remains the same across the three SUVs, the difference in their advertised starting prices mainly comes from the vehicle portion of the financing arrangement. This gives customers a relatively straightforward way to compare the entry prices of the different models.
BE 6 Sporteq Starts At ₹11.45 Lakh
The BE 6 Sporteq was the first Mahindra model to receive the BaaS programme. Under the scheme, its starting price is ₹11.45 lakh, making it the most affordable entry point among Mahindra’s three born-electric SUVs.
The battery financing for the BE 6 Sporteq is also quoted at ₹3.75 per kilometre. Mahindra’s decision to extend the programme to the XEV 9S and XEV 9e means buyers now have access to the same basic financing concept across the company’s complete dedicated electric SUV portfolio.
How The ₹3.75 Per Kilometre Cost Works
The ₹3.75 per kilometre figure is an effective usage-based calculation rather than a fixed amount that every customer will necessarily pay. Mahindra says the quoted figure assumes a battery EMI starting at ₹6,975, along with specific daily usage and down-payment conditions.
The battery EMI can change depending on the size of the battery, the customer’s down payment and the selected loan tenure. Therefore, customers should not assume that multiplying ₹3.75 by their exact monthly kilometres will always represent their final battery payment. The financier’s terms will determine the actual amount.
Mahindra Uses INGLO Electric Architecture
All three SUVs covered under the programme are based on Mahindra’s dedicated INGLO skateboard electric architecture. This platform was developed specifically for the company’s born-electric models and forms the technical foundation of the BE and XEV product families.
The use of a common dedicated EV architecture allows Mahindra to offer different body styles and models while retaining a common electric vehicle foundation. With BaaS now extending across these products, customers can choose between the SUVs based on their preferred design, size, features and budget while accessing the same basic battery-financing concept.
What Is Not Included In The BaaS Price
The lower advertised prices do not represent the complete cost of owning and operating the electric SUV. Charging expenses remain separate, while customers also need to account for maintenance, repairs, charger costs, road tax, insurance, TCS and other applicable statutory charges.
The BaaS programme is also restricted to personal use. This means buyers considering commercial usage should carefully check the applicable conditions before choosing the scheme. Understanding all additional costs is important because the headline price does not include every expense associated with buying and running an electric vehicle.
Five Important Points About Mahindra BaaS
Mahindra’s expanded BaaS programme gives EV buyers another financing option while reducing the advertised entry prices of its born-electric SUVs. The key points are:
- BE 6 Sporteq starts at ₹11.45 lakh under BaaS.
- XEV 9S starts at ₹12.65 lakh under BaaS.
- XEV 9e starts at ₹13.90 lakh under BaaS.
- Battery usage is quoted at ₹3.75 per kilometre.
- BaaS is available across all variants of these three SUVs.
Who Could Consider The BaaS Scheme?
BaaS could be worth considering for buyers who want an electric SUV but would prefer a lower initial vehicle price. Separating the vehicle and battery financing can reduce the upfront amount shown for the car, which may make a premium EV appear more affordable at the time of purchase.
At the same time, customers should look beyond the headline starting price. The battery loan has its own terms, and the final EMI depends on several factors. Buyers should compare the total amount payable under BaaS with the cost of purchasing the vehicle and battery together before making a decision.
What This Means For Mahindra’s EV Strategy
Extending BaaS across all three born-electric SUVs shows that Mahindra is trying to make its dedicated EV lineup more accessible. The XEV 9S and XEV 9e occupy higher positions in the company’s electric SUV portfolio, so lowering their entry prices could help attract customers who may have been hesitant because of the initial purchase cost.
The programme also gives Mahindra another way to address one of the biggest challenges in EV pricing: the cost of the battery. By separating battery financing from the vehicle, the company can advertise a lower starting price while still offering customers access to its existing electric SUV range.
Mahindra’s decision to extend Battery-as-a-Service to the XEV 9S and XEV 9e makes the financing option available across its entire born-electric SUV lineup. With starting prices of ₹11.45 lakh for the BE 6 Sporteq, ₹12.65 lakh for the XEV 9S and ₹13.90 lakh for the XEV 9e, the scheme significantly lowers the upfront vehicle prices displayed to customers.
FAQs
Q1. What is Mahindra BaaS?
BaaS separates battery financing from the vehicle purchase cost.
Q2. Which Mahindra SUVs offer the BaaS scheme?
The BE 6 Sporteq, XEV 9S and XEV 9e offer BaaS.
Q3. What is the battery usage cost under BaaS?
The quoted effective battery usage cost is ₹3.75 per kilometre.
Q4. What is the XEV 9S BaaS starting price?
The XEV 9S starts at ₹12.65 lakh under BaaS.
Q5. What is the XEV 9e BaaS starting price?
The XEV 9e starts at ₹13.90 lakh under BaaS.
Disclaimer: Prices, financing terms, usage costs and other details mentioned in this article are based on the information provided and may change. The ₹3.75 per kilometre figure depends on specific financing assumptions and may not apply identically to every customer.
Buyers should confirm the latest BaaS terms, eligibility, pricing and total costs with Mahindra and the authorised financing partner before making a purchase decision.
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