Mahindra Electric to supply 500 Treo e-rickshaws to back pollution-control drive in Amritsar
Mahindra Electric Mobility has announced that it will deliver over 500 Treo electric autorickshaws in the next few months to support a pollution-control programme in Amritsar.
As part of its effort to guarantee sustainable last-mile mobility, the company said it handed over the first e-auto to one of the beneficiaries of the programme.
The company is one of the empanelled original equipment manufacturers under the RAAHI (Rejuvenation of Autorickshaw in Amritsar through Holistic Intervention) project.
The project is part of the City Investments to Innovate, Integrate and Sustain (CITIIS) programme under the Ministry of Housing and Urban Development.
A total of 12 cities, involving Amritsar, have been selected under the CITIIS programme, and Mahindra Electric Mobility Ltd (MEML) will deliver over 500 Treo electric autos over the next few months, the company said in a statement.
Under the RAAHI project, a subsidy of Rs 75 000 is given to each beneficiary, with a total outlay of Rs 108 crore, as per the release.
If a beneficiary buys 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 initially and the balance of Rs 60,000 will be adjusted in the loan amount, the company said.
Moreover, beneficiaries will be offered loans at attractive interest rates under this scheme with a maximum loan amount of Rs 2.5 Lakh for four years, it said.
"Three-wheelers play a pivotal role in last-mile mobility, and the Treo fleet will promote usage of electric vehicles over internal combustion engine-powered vehicles, thereby reducing pollution. Along with significantly higher earnings and improved lifestyles, our driver-partners will be trendsetters," said Suman Mishra, CEO, MEML.