Mahindra & Mahindra (M&M) on Friday said it has reduced prices of e-Verito by up to Rs 80,000 in order to pass the benefit of reduced GST on electric vehicles to customers. Post the GST rate cut announcement, Mahindra e-Verito will cost Rs 10.71 lakh (including FAME benefits, on-road price, Delhi).
The company has also slashed price of its electric three wheeler Treo by up to Rs 20,000. The prices of the model will now start at Rs 2.05 lakh (on-road). "Mahindra will pass on these benefits to customers across our entire product range with immediate affect. This tax cut along with the strong FAME II policy will see the adaption rate in electric vehicles going up drastically with a boost to India's last and first mile mobility," #mahindra #mobility #newgeneration #GSTBenifits