M&M expands BaaS programme across entire Electric Origin SUV portfolio

Mahindra & Mahindra Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 500520 | NSE: M&M

29 Aug 2026 Evaluate

Mahindra & Mahindra (M&M) has expanded Battery-as-a-Service (BaaS) programme across its entire Electric Origin SUV portfolio, making it available on the BE 6 SPORTEQ, XEV 9S and XEV 9e. Introduced with the launch of the BE 6 SPORTEQ, BaaS makes EV ownership more accessible by enabling customers to finance the vehicle and battery separately through a unique dual-financing structure.

Under BaaS, customers can pay Rs 11.45 lakh for the BE 6 SPORTEQ and finance the battery at an effective usage cost of Rs 3.75 per km. This significantly lowers the upfront purchase cost while providing customers greater flexibility in managing their monthly outflow, offering a smarter way to own an EV.

The programme has received an overwhelming response from customers across the country, validating the demand for ownership solutions that lower the barriers to EV adoption. Building on this feedback, Mahindra is now extending BaaS across all variants of the BE 6 SPORTEQ and introducing it to its flagship Electric Origin SUVs, the XEV 9S and the XEV 9e.

As part of this BaaS programme, the XEV 9S now starts at Rs 12.65 lakh with battery financing at an effective usage cost of Rs 3.75 per km and the XEV 9e now starts at Rs 13.90 lakh with battery financing at an effective usage cost of Rs 3.75 per km. BaaS is now available across all variants of the BE 6 SPORTEQ, XEV 9S and XEV 9e.

Mahindra & Mahindra 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.

Mahindra & Mahindra Share Price

3168.90 28.90 (0.92%)

04-Sep-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata MotorsPassenger	312.00
Maruti Suzuki India	12700.00
Mahindra & Mahindra	3168.90
Hyundai Motor India	2205.00
Mercury Ev-Tech	36.69
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