Easy Steps to Lease your car


Call 1800 266 4046 (Toll-free) or give a missed call to 022 3921 9550


Schedule an appointment with a Mahindra Electric representative from the nearest dealer


Take a test drive of the Mahindra e2oPlus car with assistance from the Mahindra Electric representative


Interact with a Mahindra Financial Services representative about the financials and terms of lease


Initiate the verification process and paperwork to lease the car

Introductory monthly price offer

for a leasing tenure of 4 years


INR 15,999 / Month

Mahindra e2oPlus p4 Model

INR 16,999 / Month

Mahindra e2oPlus p6 Model

Downpayment - INR 50,000


INR 15,999 / Month

Mahindra e2oPlus p4 Model

INR 16,999 / Month

Mahindra e2oPlus p6 Model

Down payment - INR 50,000


INR 15,999 / Month

Mahindra e2oPlus p4 Model

INR 16,999 / Month

Mahindra e2oPlus p6 Model

No Down payment

First-of-its-kind Lease Scheme

Mahindra Electric is the pioneer to provide successful car leasing solutions to individuals in India. The new business model benefits the customers to own and maintain the car at ease.

Smart Lease gives you freedom from financial and operational hassles, by reducing your time spent on managing payments and car service maintenance with no extra cost on your part.

Benefits of Smart Lease


Road Tax


Insurance Cost



All this, for a fixed monthly payout!

Products available on Smart Lease program

e2o Plus
P4 - Base Model
P6 - Premium Model
Leasing Locations

Delhi, Bangalore and Pune

Frequently Asked Questions

Leasing a Car

Do you lease new cars and used cars?

Mahindra Electric leasing scheme is available only for new Mahindra e2oPlus cars.

Is leasing beneficial than buying a car?

As pioneers in Electric Vehicles, we are pioneers in bringing leasing option to retail customers first time ever. Leasing is a comprehensive package for customers to lease a car who would prefer usership model. While leasing or buying is your choice, with leasing we give you option of both.

Why I’ll need to enrol for Smart Lease?

Smart Lease scheme is the first-of-its-kind made available to customers. The Smart Lease program offers you the following advantages,

Low down payment of Rs. 50,000

Low monthly payment of Rs. 15,999

Covers service and insurance for 4 years

Assured residual value

Option to foreclose the scheme after 2 years

You’ll just pay for what you use.

Do I own the car at the end of lease contract?

If you’d like to own the car, Mahindra Financial Services representative will assist you on the ownership cost and paperwork at the end of lease.

What If I want to end the lease contract in the first year?

You have an option to foreclose the agreement with Mahindra Finance after 2 years, there will be foreclosure charges. The T&C will be provided by Mahindra Finance for pre-closure.

Can I purchase the car during my lease?

Yes, Mahindra Financial Services representative will provide you the ownership cost and assist with the paperwork.

Do you deliver the car across India?

The leasing scheme is a limited offer and is available only in 3 cities now - Bangalore, Pune and Delhi.

How can I test drive the car?

Please visit your nearest dealer in Bangalore, Pune or Delhi and take a test drive of the all-electric Mahindra e2oPlus.


Car Service and Maintenance

What do I do if my car breaks down? Is roadside assistance included in the cost?

Yes, roadside assistance is included in the comprehensive leasing scheme package.

Do I incur any cost when my car needs a routine general service?

No cost involved for the regular scheduled maintenance. Any servicing and maintenance that is not per the scheduled maintenance has to be borne by the customer.

Do I have to pay when my car needs tyre change or part change?

Tyre change is not covered under the leasing package. Parts that require change covered under the contract will not incur any payment. The cost of any part that is not covered under the contract has to be borne by customer.


Leasing Financials

Do I need a good credit to lease a car?

Yes, the scheme can be availed by the customers having CIBIL score of above 750.

What is the rate of interest charged in Lease?

The lease payments are a fixed monthly pay out, which will include your scheduled maintenance and insurance cost. For a P4 Variant of e2o plus which is at an on-road price of 7.62 lacs, the monthly leasing amount you will pay is only Rs. 15,999 for 4 years.

How do I lease if I have a bad credit?

You can consider availing finance option alternatively.

What documents do I need to lease a car?

Mahindra Financial Services representative will assist with the details of the documents required and submission to lease the car.

Do I need to submit any documents as security to lease a car?

No original documents will be withheld to avail the leasing scheme.

Can the car be delivered basis DO copy?

Mahindra & Mahindra Financial Services, the leasing partner representative will clarify the details

What is the initial deposit to lease the car?

No down payment required to lease the car in Delhi, a down payment of Rs. 50,000 will be required to lease the car in Pune and Bangalore. All the leasing payments will be on a fixed monthly cost

Who provides the funding for my car?

Mahindra & Mahindra Financial Services Limited will be funding for the car upon successful customer verification and paperwork completion.

Do you provide insurance and road tax as a part of the lease?

Yes, both are included in the comprehensive leasing scheme package.

Why the vehicle will be registered in Mahindra Finance name and not in my name?

The car will be in legal ownership of Mahindra & Mahindra Financial Services. It is an operating lease program, the monthly amount you pay will be towards the lease rentals

Do I incur any additional charges if I want to use the vehicle after 4 years?

The contract will be terminated by the end of 4 years and the vehicle will have to be returned to Mahindra & Mahindra Financial Services.