No need to buy car! Get a Mahindra vehicle at just Rs 19,720; here is how
Electronics & Gadgets  
zeebiz

Mahindra & Mahindra (M&M), part of the $20.7 billion Mahindra Group, has introduced a subscription-based initiative, in partnership with Revv, for customers of Mahindra's personal vehicles, which the company claims is an all-new way of using a brand new vehicle, without actually having to buy or own one.

 

Mahindra & Mahindra (M&M), part of the $20.7 billion Mahindra Group, has introduced a subscription-based initiative, in partnership with Revv, for customers of Mahindra's personal vehicles, which the company claims is an all-new way of using a brand new vehicle, without actually having to buy or own one.The offer begins at a subscription price starting from Rs 19,720 per month, inclusive of insurance and routine maintenance charges. With this, Mahindra & Mahindra said that it has made the ownership experience of its vehicles more flexible, affordable and convenient.
 
The benefits of subscription to the customers include complete convenience, zero down payments, no road tax, zero risk on the resale value of the vehicle, and a fixed amount that includes routine maintenance costs. Most importantly one has the flexibility to change the vehicle model after a certain minimum subscription period, the company said in a statement.
 
Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, Mahindra & Mahindra, said, “We are delighted to introduce an all new subscription model for retail customers of our personal vehicles. With this flexible, highly affordable offering, we hope to help our customers fulfil their aspiration of driving their desired vehicles without necessarily owning them. This in turn will also attract a whole new set of customers to brand Mahindra. It also aligns with our larger vision of transforming the face of mobility in India."
 
This subscription model makes it easier for customers to get their vehicle with no initial down payment and customers also have the flexibility to upgrade their models from time to time. Once the subscription period is over, the person can return the vehicle to the company without the hassle of selling it, and get a new vehicle.
 
Mahindra's new vehicle subscription model
 
The customer can visit the website and select from a range of over 6 Mahindra models. After sharing some personal details to confirm their eligibility for the subscription offer, the customer needs to pay a refundable deposit based on the model chosen, and the usage period selected. The company will then take order for the vehicle. Usually the vehicle is delivered within a period of one month, and prior to delivery one needs to pay the first month's fees in advance. Subsequently, they would need to pay this fee every month for the duration of the subscription period.
 
 

 

The subscription model will be available on Mahindra’s personal portfolio of vehicles, namely – KUV100, XUV500, XUV300, Scorpio, TUV300, Marazzo and Alturas G4. It will be available for period of one to four years in case of a new car, the statement said.
 
Once the minimum subscription period is over, the person can return the vehicle without the hassle of selling it and get a new vehicle. Or they have the option of owning it, by buying it from the company at a pre-determined charge.
 
Mahindra's subscription offer will cater to working professionals and SMEs and will be available across 8 Indian cities including Delhi (NCR), Mumbai, Pune, Bangalore, Hyderabad, Kolkata, Chandigarh, Ahmedabad in the first phase, the company said.

 
 


 
 


 
More in Electronics & Gadgets
Dual screen nubia Z20 now available globally

Unveiled back in August and on sale in China since then, the nubia Z20 is now officially available for purchase internationally. The dual-screen flagship can now be...

Recently posted . 10 views

India’s cheapest electric car launched! Tigor EV with 213 km range pri...

The previous iteration of the Tata Tigor Electric offered a range of just 142 km on a single charge. The new version, in addition to the fleet operators, will als...

Recently posted . 20 views

Instagram Will Remove the Following Activity Tab on Instagram.

Instagram's head Adam Mosseri confirmed in a tweet today that the 'Following' activity tab was being removed from the app.

Recently posted . 17 views

Essential founder Andy Rubin shows tall and narrow upcoming phone with...

One of the key features of the Android world has always been crazy experimentation with form factors. For a while not so long ago that seemed to have waned somewhat...

Recently posted . 20 views

8 Legendary Rare Cars That We Are Sure Money Alone Won't Be Able To Bu...

While the modern marvels of hybrid engineering and high-octane racing performance come at their own stratospheric heights of bank balance requirements, ever true en...

Recently posted . 19 views

 
 
 

Prashnavali

Thought of the day

“Smiling is the best way to face every problem, to crush every fear and to hide every pain.”
Anonymous