The Mahindra XEV 9S BaaS model significantly reduces the initial purchase cost by separating the vehicle and battery financing. Under the current BaaS programme, the XEV 9S starts at ₹12.65 lakh ex-showroom, while the battery financing carries an effective usage cost of ₹3.75 per kilometre.
For example, at the stated usage assumption of 60 km per day, the battery EMI starts at around ₹6,975 per month, although the actual amount can vary depending on battery size, down payment and loan tenure. The ownership cost also includes charging, insurance, road tax, maintenance and other expenses, which are separate from the BaaS arrangement.
Overall, BaaS can make the XEV 9S more accessible by lowering the upfront cost. However, buyers should consider their expected driving distance and total financing commitment before deciding whether this ownership model suits their budget.
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