Mahindra expands BaaS financing across its Electric Origin SUV range

Mahindra has made Battery-as-a-Service available for the BE 6 SPORTEQ, XEV 9S and XEV 9e, reducing upfront purchase prices. BaaS-listed starting prices are ₹11.45 lakh, ₹12.65 lakh and ₹13.90 lakh, respectively, subject to usage and financing terms.

— Source publishedFri, 28 Aug, 2026, 20:29 IST·First seen Fri, 28 Aug, 2026, 20:32 IST·Source Outlook Business

What happened

Mahindra & Mahindra · Mahindra has expanded Battery-as-a-Service financing to its full Electric Origin SUV range, lowering upfront prices for BE 6 SPORTEQ, XEV

Key facts

  • BE 6 SPORTEQ starting price: ₹11.45 lakh under BaaS
  • XEV 9S starting price: ₹12.65 lakh under BaaS
  • XEV 9e starting price: ₹13.90 lakh under BaaS
  • Battery usage cost: ₹3.75 per km
  • Battery EMI starts at ₹6,975
  • Quoted assumption: 60 km daily usage

Why this matters

The expanded BaaS program strengthens Mahindra’s EV differentiation and creates scope for deeper financing, fleet and battery-service partnerships across its Electric Origin portfolio.