Mahindra Reva Electric Vehicles, India's only electric car manufacturer, today announced a price cut of Rs 92,000 on the e2o, and will now be available for Rs 4,79,000 (On-road Delhi). This is a direct result of the Government’s recent announcement of the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) Scheme.
The cost is in addition to a fixed energy fee of Rs 2,999 per month for five years or 50,000 km, a statement from the company stated.
Under the aegis of the FAME Scheme, there will be special focus on investments in R&D, incentives for demand creation, setting up of charging infrastructures and rolling out of Electric Vehicle pilot projects. An upsurge in publicly available charging ports is expected besides the existing ports that have been set-up by the company.
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The Bengaluru-based car maker is slated to introduce more models running on rechargeable batteries in the coming months including a high-performance compact car.