Mahindra & Mahindra has officially introduced the all-electric XUV 3XO EV to the Indian market, marking a significant expansion of its zero-emission portfolio. This new model is essentially a redesigned and rebadged version of the popular XUV400, now sporting the contemporary design language of the recently launched XUV 3XO sub-compact SUV.
Price and Variants: Two Trims to Choose From
The electric SUV enters one of India's most competitive segments with two clearly defined trim levels. The base AX5 variant is priced at ₹13.89 lakh, while the feature-rich AX7L trim costs ₹14.96 lakh. Both prices are ex-showroom. This strategic positioning allows Mahindra to target a broad spectrum of buyers looking to transition to electric mobility within the popular sub-compact SUV space.
Calculating Your Monthly EMI: A Detailed Guide
For potential buyers considering financing, understanding the monthly Equated Monthly Instalment (EMI) is crucial. The calculation below assumes financing for 90% of the vehicle's ex-showroom price at an interest rate of 10.5% per annum. The EMI varies significantly based on the loan repayment tenure chosen by the customer.
Variant-Wise EMI Breakdown
Here is a detailed look at the monthly financial commitment for each variant over different loan periods.
For the Mahindra XUV 3XO EV AX5 (₹13.89 lakh):
With a loan amount of ₹12.50 lakh (90% of ex-showroom):
- 3-Year Tenure: Monthly EMI will be approximately ₹40,631. The total interest paid over the loan term would be ₹2,12,627.
- 5-Year Tenure: Monthly EMI reduces to about ₹26,970. The total interest outflow, however, increases to ₹3,62,071.
For the Mahindra XUV 3XO EV AX7L (₹14.96 lakh):
With a loan amount of ₹13.46 lakh (90% of ex-showroom):
- 3-Year Tenure: The monthly EMI is calculated at around ₹43,761, with a total interest of ₹2,29,006.
- 5-Year Tenure: The EMI becomes more manageable at ₹28,939 per month, but the cumulative interest rises to ₹3,89,963.
Positioning in a High-Growth Segment
The launch of the XUV 3XO EV is a timely move by Mahindra. Mirroring the trend in the internal combustion engine (ICE) market, sub-compact electric SUVs are gaining immense traction among Indian consumers. This model is expected to capitalize on that growing demand, offering a familiar SUV body style with the benefits of electric propulsion—lower running costs and a reduced environmental footprint.
Prospective buyers are advised to use the above EMI calculations as a guideline. The final EMI may vary slightly based on the exact terms offered by individual banks and non-banking financial companies (NBFCs), including processing fees and any special festive offers.
