Mahindra's e2o a pricey affair

Mahindra’s e2o was launched amid much fanfare in Delhi. The on-road price in Delhi for the T-Zero base model was pegged at Rs 5.96 lakh (on road). But this included sops amounting to Rs 1.8 lakh from the state government. As a result, the e2o in Reva’s home market will cost a whopping Rs 7 lakh (on road). The only sop it gets in Bangalore is a reduction in road tax from 12.5 percent to 5.5 percent for electric cars. 

The subsidy in Delhi comprises 15 percent on the base price, a 12.5 percent VAT refund and a 50 percent reduction on the current road tax.