Mahindra has introduced a new subscription-based service in partnership with Revv that will be available for a select range of SUVs from Mahindra. This subscription service allows for a unique and flexible ownership experience for customers of a brand new vehicle, without actually having to buy or own one.
This subscription service has a starting price of Rs 19,720 per month which is inclusive of your insurance and routine maintenance charges. The prices would however differ from model to model. To avail a car from Mahindra through subscription, one can simply visit either Mahindra or Revv’s website and select a model from the list of cars available.
Currently, Mahindra is offering the KUV100, TUV300, XUV300, Scorpio, Marazzo, XUV500 and also the Alturas G4. Once you have selected your model, the customer has to provide certain details to make sure that they are eligible for the subscription. After that, the customer needs to pay a refundable deposit that is based on the model chosen and the usage period selected. In case of a new car, the subscription period ranges from one to four years.
Once all the procedures have been successfully completed, Mahindra will deliver the vehicle is about a month’s time. Prior to the delivery, the customer will have 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 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.
There are other facilities too. Once the minimum subscription period is over, the customer can return the car to Mahindra in exchange of a new model. Or they even have the option of buying the vehicle from Mahindra at a pre-determined charge once the subscription period is over. Currently, this service is in its first phase of operation and is can be availed in eight cities – Delhi (NCR), Mumbai, Pune, Bengaluru, Hyderabad, Kolkata, Chandigarh and Ahmedabad.