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Lowering the upfront price of the Mahindra BE 6 by separating the battery cost from the vehicle purchase under BaaS will help appeal to a wide band of consumers in India
Mahindra has introduced a Battery-as-a-Service (BaaS) ownership model for the BE 6 Sporteq enabling customers to purchase the electric SUV at a substantially lower initial price while paying a separate charge based on kilometres driven. The BE 6 Sporteq starts at Rs. 11.45 lakh under the BaaS scheme while battery usage is charged at Rs. 3.75 per km and the initiative is available only in Pack One and Pack Two 59 kWh versions.
The concept is fairly straightforward. Instead of paying for the vehicle and its high voltage battery as one package, the customer pays for the vehicle separately and then incurs a per-kilometre battery charge. A driver covering 1,000 km in a month would therefore incur Rs. 3,750 in battery charges while 1,500 km would result in Rs. 5,625. At 2,000 km, the charge rises to Rs. 7,500, making annual usage an important factor when comparing BaaS against conventional battery inclusive ownership.
The model could be particularly relevant for customers who want an electric SUV but find the battery-inclusive purchase price difficult to accommodate. Battery packs account for a significant portion of an EV’s manufacturing cost and separating that component gives Mahindra room to advertise a much lower entry price. Mahindra has calculated it around 60 km per day usage.
There is an important distinction between the BaaS arrangement and Mahindra’s battery warranty. The company offers a lifetime warranty on the battery pack for the first registered private owner which is subject to the applicable warranty conditions. If the vehicle is transferred to another owner, the battery warranty is limited to 10 years or 2,00,000 km, whichever comes first.
BaaS, therefore, should not be interpreted as a replacement programme for an aging battery as it is primarily an ownership structure separating battery cost from the vehicle price. The actual financial equation will depend on how far the BE 6 is driven each month. Someone covering around 500 km would pay Rs. 1,875 towards the battery charge whereas a driver covering 3,000 km would incur Rs. 11,250.
Over several years, the difference can become substantial, so buyers should calculate their expected annual mileage before deciding whether BaaS makes financial sense. Currently, the company offers BaaS programme only for the BE 6 Sporteq as its siblings, XEV 9S and XEV 9e along with the XUV 400 and XUV 3XO EV do not get similar treatment.
The post Mahindra BE 6 BaaS Explained: How The Battery-as-a-Service Scheme Works appeared first on Gaadiwaadi.com - Latest Car & Bike News by Surendhar M.
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