Mahindra has expanded its Battery-as-a-Service (BaaS) programme to three electric SUVs, giving buyers another way to manage the upfront cost of purchasing an EV. The programme is now available across the BE 6 Sporteq, XEV 9S and XEV 9e, covering all variants of these models.
Under the BaaS structure, the vehicle and battery are financed separately. This lowers the initial vehicle price, while the battery cost is linked to usage. Mahindra has fixed the effective battery usage cost at Rs. 3.75 per km across all three models.
Programme
Mahindra first introduced the BaaS model with the updated BE 6. The company has now extended the programme to the XEV 9S and XEV 9e, making it available across all variants of the three electric SUVs.
The structure is designed to separate the cost of the vehicle from the battery. For buyers considering an electric SUV, this can reduce the amount needed upfront compared with financing the complete vehicle and battery together.
The battery EMI starts at Rs. 6,975 based on 60 km of daily usage, along with a specific down payment and applicable loan tenure. The actual EMI can differ depending on the battery capacity, down payment and selected tenure.
Pricing
With the BaaS option, the three Mahindra electric SUVs carry lower starting vehicle prices because the battery is financed separately.
The BE 6 Sporteq starts at Rs. 11.45 lakh, while the XEV 9S starts at Rs. 12.65 lakh. The XEV 9e has a starting price of Rs. 13.90 lakh.
| Model | Starting Price | Battery Usage Cost |
|---|---|---|
| BE 6 Sporteq | Rs. 11.45 lakh | Rs. 3.75/km |
| XEV 9S | Rs. 12.65 lakh | Rs. 3.75/km |
| XEV 9e | Rs. 13.90 lakh | Rs. 3.75/km |
All prices are ex-showroom and exclude the separately financed battery cost.
Costs
The advertised vehicle prices do not represent the complete on-road purchase cost. Buyers will also need to account for the battery financing, charger, road tax, insurance, TCS and other applicable statutory charges.
The battery EMI is not a single fixed amount for every buyer. It depends on factors including battery size, down payment, financing tenure and usage assumptions.
The Rs. 3.75-per-km figure provides a way to understand the battery cost based on usage. For someone driving more kilometres, the corresponding usage-linked battery expense would be higher.
Availability
Mahindra’s BaaS programme is available across all variants of the BE 6 Sporteq, XEV 9S and XEV 9e. However, the programme is intended for personal use only.
This wider availability gives customers more flexibility when comparing different variants and price points. Buyers can select the electric SUV and configuration that fits their requirements while financing the battery separately.
The approach may also make Mahindra’s larger electric SUVs more accessible to customers who want to reduce their initial capital requirement.
Benefits
Separating the battery from the vehicle financing changes how buyers look at the purchase price. Instead of paying for the entire EV upfront or financing both components together, customers can spread the battery cost through a separate payment structure.
This can be useful for buyers who prefer to keep the initial vehicle price lower. The model also connects part of the ownership expense to vehicle usage, which may be relevant for customers comparing electric vehicles based on their expected annual driving distance.
However, buyers should compare the total cost of financing rather than focusing only on the lower starting price. Interest, tenure, down payment, battery EMI and other ownership costs can affect the final amount paid over the financing period.
Competition
With the expansion of BaaS to the XEV 9S and XEV 9e, Mahindra becomes one of the few manufacturers offering a battery subscription or financing approach across a broader electric SUV range.
The move also gives the XEV 9S and XEV 9e a different entry point for customers who may have previously considered their upfront prices relatively high.
For prospective buyers, the important comparison is not simply the ex-showroom price. The vehicle EMI, battery EMI, charging requirements, insurance, maintenance and expected driving distance should all be considered before making a purchase decision.
Mahindra’s expanded BaaS programme gives buyers another financing route across its electric SUV portfolio. With a fixed battery usage cost of Rs. 3.75 per km and availability across all variants, the structure could make the initial purchase easier to manage for some customers. The final value, however, will depend on each buyer’s usage, financing terms and overall ownership costs.
