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Mahindra Electric will deliver over 500 e-autorickshaws under the RAAHI project

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Mahindra Electric will deliver over 500 e-autorickshaws under the RAAHI project
23 Apr 2022
6 min read

News Synopsis

On Friday, Mahindra Electric Mobility informed that it will deliver over 500 Treo electric autorickshaws in the coming months. These will be deployed to ensure sustainable last-mile mobility in 12 cities across the nation. Mahindra Electric Mobility also informed that under this initiative, it has already handed over the first e-auto to a beneficiary in Amritsar on Friday. Mahindra Electric Mobility is one of the empanelled original equipment manufacturers under the RAAHI (Rejuvenation of Autorickshaw in Amritsar through Holistic Intervention) project. The RAAHI is part of the City Investments to Innovate, Integrate and Sustain (CITIIS) program under the Ministry of Housing and Urban Development.

In a statement, Mahindra Electric Mobility informed that a total of 12 cities, including Amritsar, have been selected under the CITIIS program, and it will deliver over 500 Treo electric autos over the next few months. According to the press release. under this project, a subsidy of Rs 75 000 is provided to each beneficiary, with a total outlay of Rs 108 crore. Additionally, If anyone purchases a Treo by paying upfront, the full subsidy amount will be deposited in his/her account. For those opting to buy the e-auto on loan, Rs 15 000 is credited in their accounts in the starting and the balance Rs 60,000 will be adjusted in the loan amount.

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