EV Discounts Of Up To Rs. 10 Lakh In March 2026 – Hyundai To Mahindra

GaadiWaadi –

Fuel shortage fears due to the Middle East crisis and the usual March rush by businesses for tax benefits could boost EV demand this month

With the financial year coming to a close, automakers and their dealerships are rolling out some of the most enticing offers on electric cars in a long time to clear inventory and end the year on a strong note. On certain models, discounts of up to 10 lakh rupees are being offered.

From Tata Motors to JSW MG Motor India and Mahindra & Mahindra, some of the biggest players in the EV space have rolled out huge discounts, exchange and corporate bonuses, and complimentary extended warranty schemes to push sales this month. Dealerships are also participating with contributions from their profit margins.

Tata Motors, the country’s no.1 brand in electric car sales, is giving discounts of up to 2.1 lakh rupees on the Tiago.ev, up to 1.2 lakh rupees the Nexon.ev, and up to 3.8 lakh rupees on the Curvv.ev, as part of a ‘Mega March Carnival’. The company offers the widest line-up of EVs in India, comprising six models: Tiago.ev, Tigor.ev, Punch.ev, Nexon.ev, Curvv.ev, and Harrier.ev. Soon, it will launch the Sierra.ev as its seventh electric car.

Also Read: 3 New Tata Electric Cars Launch Likely This Year

JSW MG Motor India is offering free public charging for one year with the Windsor EV, which was the country’s best-selling electric car last year. Business customers will also be able to claim depreciation of up to 13.17 lakh on MG EVs. The company has five EVs in its showrooms: Comet EV, Windsor EV, ZS EV, M9, and Cyberster.

Mahindra & Mahindra is providing savings of up to 4 lakh rupees on the XUV400 and up to 2.95 lakh rupees on the BE 6 and XEV 9e, both of which are celebrating their first sales anniversary this month. The company is giving celebration benefits, corporate benefits, exchange bonuses, and March incentives on these cars until 27 March. It has five EVs on sale today: XUV 3XO EV, XUV400, BE 6, XEV 9S, and XEV 9e.

Also Read: Hyundai To Launch 4 New Locally Made Cars By 2027

Hyundai is giving benefits of up to 10 lakh on the Ioniq 5, which it assembles from imported CKD kits. It is worth noting that this is the pre-facelift version, which the company replaced with a facelifted one in March 2024. The company may only launch the latest model in India after it has cleared stock of the old version, which dates back to February 2021. The South Korean automaker also sells a locally manufactured EV in our market – the Creta Electric.

In addition to the big discounts from automakers, businesses rushing to optimise their tax liability, CNG shortage, and petrol/diesel shortage fears are expected to boost EV demand this month. Businesses can claim up to 40% depreciation on EVs in the first year, as compared to 15% on ICE models.

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