Mahindra along with Revv have announced subscription-based car ownership plans for their range of SUVs & MUVs. This package will allow customers a flexible ownership experience without having to 100% own the product. Offers on this plan can be availed on the Mahindra website as well as via Revv platform. Both brands reveal that the subscription model starts from INR 19,720 onwards which includes insurance and even routine vehicle maintenance charges.
The cars which can be subscribed include the KUV 100, XUV300, XUV500, Scorpio, TUV300, Marazzo and Alturas G4. One can subscribe any of these vehicles from 1 year to 4 years in case of a new car. After the minimum subscription tenure, users can return the vehicle and opt for a new one; without having to worry about old car resale before an upgrade. Customers can also chose to own the car by paying a fixed price for it.
There is no down payment, no tax, no risk of resale and very convenient transactions involved in this plan. Customers have to fill in basic details to check their eligibility and pay a refundable deposit. Once the criteria matches, the company will place an order for the vehicle the user selects, in that particular variant. The subscribed vehicle will be delivered to the customer in 1 month. The 1st month fee is expected to be paid in advance, and then the rest of the tenure works similar to a car loan EMI, but at better unit economics.
Mahindra will initially be offering this subscription plan to working professionals and SME sector. Mumbai, Delhi NCR, Pune, Bangalore, Hyderabad, Kolkata, Chandigarh and Ahmedabad will be the select cities for roll out of this plan in phase 1.
Mahindra is getting ready with their all-new Thar & Scorpio SUVs. To be launched by early-2020, both these SUVs in their respective segments are benchmarks and offer tremendous value for money. While the Thar is more of a lifestyle vehicle with exceptional off-road abilities, the Scorpio is a perfect family SUV along with being able to tackle any type of terrain with ease.