Might help you preserve chunks of money
Mahindra Reva, the electric car firm, has launched their new and most awaited car, the e20 last week. The car is priced at Rs 5.96 lakh in Delhi after approval from state subsidy. There have been talks about the car enabling consumers to preserve chunks of money which can amount to a huge amount of Rs 4 lakhs by the end of 5 years. Let us figure out how much cash you can save with this car.
The e20 is a unique car which represents a new era in electric technology in cars. There has been information on the car being extremely cost efficient. The two door car with four seats is designed with the new generation lithium ion batteries and three phase induction electric motor. The car has an excellent mileage of 100 kms with just a single charge, and you can travel with no worries or hassles for five hours. The car is designed for pure city driving, and is equipped with GPS navigation system, keyless entry, start stop button and world class braking system which enables the battery to charge each time when the vehicle requires re-pumping.
According to information provided on the company’s website, the Mahindra Reva e20 is rolled out in five Indian states of Gujarat, Andhra Pradesh, Karnataka, Kerala, and Maharashtra and two Union Territories of Delhi and Chandigarh. Sources claim after contacting a dealer in Pune, the price of the e20 in Pune was revealed at INR 7.74 lakhs for the entry-level model. The Maharashtra Government does not offer 29% subsidy on electric cars as performed by the Delhi Government. The same scenario is followed by other states. The e20 in Ahmedabad in priced at INR 8.5 lakhs.
Based on the cost of ownership savings, there is a clear picture on how with the Reva you can save up to INR 3.84 lakhs by purchasing a new e20. The Tata Indica eV2LS which is inserted with a 1.4L diesel engine is priced at INR 5.20 lakhs and delivers an excellent mileage of 25 Kmpl. When you now compare this car to the e20, you can save 104,169 for the next five years. You are still spending INR 76,000 more on the e20 in Delhi, an increase of INR 2.54 lakhs in Pune and an increase of 3.30 lakhs in Ahmedabad.
With respect to maintenance, Mahindra Reva announces that you would need to service your e20 once a year and it is incorporated with lesser gears and break handles, but there is a minimal opportunity for wear and tear. The admirable fact of the e20 is the car does not require air filter, oil filter, and so on where you can save a huge figure of 75% on maintenance and servicing. The battery life too is incredible which can run for 5 years. Occupants would need to put down INR 2 lakhs every 5 years to change battery.
The e20 can be cost effective where you can save 75% on maintenance and servicing which is the most important aspect when you purchase a car. The car can operate at 100kms with only a single charge for five hours; in other cars you would need a fuel refill more often even when you travel for three hours.
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