Mahindra group's electric vehicle arm launches passenger electric three-wheeler 'Treo' in Maharashtra
17th Dec 2021

Mahindra group's electric vehicle arm Mahindra Electric Mobility has launched its passenger electric three-wheeler Treo in Maharashtra, priced at Rs 2.09 Lakh (ex-showroom, Mumbai). The prices include post-FAME-II, state, and early-bird subsidies. Mahindra Treo commanding a 67 percent market share in the electric three-wheeler space. It has sold more than the 13,000 electric three-wheelers sold since the launch.

Under the policy, the buyers purchasing the EVs before December 31, 2021, shall be eligible for an 'early-bird discount' of Rs 5,000 per kilowatt-hour (kWh) on the vehicle's battery capacity. This discount will be provided over and above the demand incentives. The maximum early bird discount availed per vehicle will be capped at Rs 1 lakh. The Treo is available with a low down payment scheme of just Rs 41 500 from Mahindra Finance and a low-interest rate scheme of only 10.8 percent from State Bank of India. Customer can also avail of the attractive exchange bonus of Rs 7,500 on the Mahindra Treo.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.