Mahindra XEV 9e EMI & On-Road Price 2026 — Variant & State Guide
Exact Mahindra XEV 9e on-road price and EMI by variant — ₹0 road tax in all states, 656 km range, 3-screen dashboard, AWD option, insurance, TCS, and monthly instalment with a live calculator.
Key Takeaways
- The Mahindra XEV 9e Pack Two 79kWh at ₹21,90,000 ex-showroom works out to ₹23,03,550 on-road — with ₹0 road tax since all Indian states have waived road tax on EVs.
- On a 20% down payment (₹4,60,710) and a 7-year loan at 9.5%, the EMI is ₹30,119 on a ₹18,42,840 loan.
- The Top 79kWh AWD at ₹30,50,000 ex-showroom is Mahindra's flagship EV — on-road at ₹32,02,250 with ₹0 road tax, it saves ₹4+ lakh versus an equivalent petrol SUV in Karnataka.
- With 656 km MIDC range on the Pack Three and a 3-screen panoramic dashboard, the XEV 9e represents the highest specification consumer EV from an Indian manufacturer in 2026.
Mahindra's XEV 9e sits at the top of the company's new INGLO-platform EV lineup — a full-size SUV with a 3-screen wraparound cockpit, 656 km MIDC range on the Pack Three, and an AWD option on the Top variant. It is positioned above the BE 6 coupe-SUV in both size and price, targeting buyers who want maximum range, maximum technology, and the security of an all-wheel-drive system for longer highway journeys. The road-tax waiver delivers exceptional value at this price point: on a ₹26–30 lakh petrol SUV, Karnataka buyers would pay ₹3.6–4.2 lakh in road tax — money the XEV 9e buyer retains entirely. This guide provides exact on-road prices and verified EMI calculations for all three XEV 9e variants. Prices are ex-Delhi, verified June 2026.
Mahindra XEV 9e
Mahindra's flagship EV — INGLO platform, 3-screen dashboard, 656 km range, AWD option.
On-Road Price & EMI Calculator
Pick your variant and state to see the on-road breakdown and monthly EMI.
Interest is 37% of the amount you borrow over 7 years. A bigger down payment or shorter tenure lowers it — adjust the sliders to compare.
Buttons carry your current loan amount, rate and tenure into the full calculators.
Estimates only. Road-tax slabs (as of June 2026), insurance and dealer charges vary — confirm the final on-road price with your RTO and an authorised dealer.
Results are indicative only. Actual EMI may vary based on your lender's rounding method, processing date, stub-period interest, and applicable fees. Always verify with your bank or NBFC before making a financial decision. See our disclaimer for full details.
Mahindra XEV 9e Variant Prices (2026)
The XEV 9e is offered in three variants — Pack Two (79 kWh FWD), Pack Three (79 kWh FWD) and Top (79 kWh AWD). All share the same battery capacity but differ in equipment levels and drivetrain. Ex-showroom Delhi prices, on-road price (₹0 road tax) and the indicative EMI (20% down, 7 years at 9.5%):
| Variant | Ex-showroom | On-road | Drivetrain | EMI (20% down, 7yr) |
|---|---|---|---|---|
| Pack Two 79kWh | ₹21,90,000 | ₹23,03,550 | 4x2 | ₹30,119 |
| Pack Three 79kWh | ₹26,90,000 | ₹28,26,050 | 4x2 | ₹36,951 |
| Top 79kWh | ₹30,50,000 | ₹32,02,250 | AWD | ₹41,870 |
The calculator above lists every variant with live on-road pricing — all state rows show ₹0 road tax, reflecting the nationwide EV exemption.
What Goes Into the On-Road Price
For the Mahindra XEV 9e Pack Two 79kWh at ₹21,90,000 ex-showroom:
| Component | Amount | Basis |
|---|---|---|
| Ex-showroom (Delhi) | ₹21,90,000 | Mahindra list price |
| Road tax | ₹0 | EV — exempt from road tax in all states |
| Insurance (~3.5%) | ₹76,650 | First-year comprehensive (estimate) |
| TCS (1%) | ₹21,900 | Sec 206C(1F) — ex-showroom >₹10 lakh |
| Registration, HSRP, FASTag | ₹15,000 | Estimate |
| On-road price | ₹23,03,550 |
For the Top 79kWh AWD (₹30,50,000 ex-showroom):
| Component | Amount | Basis |
|---|---|---|
| Ex-showroom (Delhi) | ₹30,50,000 | Mahindra list price |
| Road tax | ₹0 | EV — exempt from road tax in all states |
| Insurance (~3.5%) | ₹1,06,750 | First-year comprehensive (estimate) |
| TCS (1%) | ₹30,500 | Sec 206C(1F) — ex-showroom >₹10 lakh |
| Registration, HSRP, FASTag | ₹15,000 | Estimate |
| On-road price | ₹32,02,250 |
At ₹30.5 lakh, an equivalent petrol SUV in Karnataka would attract approximately ₹4.27 lakh in road tax. The XEV 9e Top buyer pockets every rupee of that saving. Use the car loan EMI calculator to model any configuration.
Road Tax Across 10 States — All ₹0 for EVs
For the XEV 9e Pack Two 79kWh (₹21,90,000 ex-showroom), road tax is waived in every state:
| State | Road tax | On-road price |
|---|---|---|
| Gujarat | ₹0 | ₹23,03,550 |
| Delhi | ₹0 | ₹23,03,550 |
| Uttar Pradesh | ₹0 | ₹23,03,550 |
| West Bengal | ₹0 | ₹23,03,550 |
| Rajasthan | ₹0 | ₹23,03,550 |
| Maharashtra | ₹0 | ₹23,03,550 |
| Kerala | ₹0 | ₹23,03,550 |
| Telangana | ₹0 | ₹23,03,550 |
| Tamil Nadu | ₹0 | ₹23,03,550 |
| Karnataka | ₹0 | ₹23,03,550 |
All Indian states have waived road tax for EVs. The XEV 9e's on-road price is identical across all states for the same variant, giving high-road-tax state buyers (Karnataka, Tamil Nadu) the most disproportionate benefit versus a petrol rival.
Mahindra XEV 9e EMI by Loan Tenure
For the XEV 9e Pack Two at ₹23,03,550 on-road with 20% down (₹4,60,710), the loan is ₹18,42,840. At 9.5%:
| Tenure | EMI | Total interest |
|---|---|---|
| 5 years | ₹38,703 | ₹4,79,340 |
| 6 years | ₹33,677 | ₹5,81,904 |
| 7 years | ₹30,119 | ₹6,87,156 |
| 8 years | ₹27,478 | ₹7,95,048 |
For the XEV 9e Top AWD at ₹32,02,250 on-road with 20% down (₹6,40,450), the loan is ₹25,61,800. At 9.5%:
| Tenure | EMI | Total interest |
|---|---|---|
| 5 years | ₹53,803 | ₹6,66,380 |
| 6 years | ₹46,816 | ₹8,08,952 |
| 7 years | ₹41,870 | ₹9,55,280 |
| 8 years | ₹38,199 | ₹11,05,304 |
Moving from 5 to 8 years on the Pack Two cuts the EMI by ₹11,225 but adds ₹3,15,708 in interest. See flat vs reducing balance interest. Use the car loan EMI calculator to test your preferred tenure.
Down Payment: How Much Should You Put Down?
For the XEV 9e Pack Two (₹23,03,550 on-road), 7-year loan at 9.5%:
| Down payment | Loan amount | EMI | Total interest |
|---|---|---|---|
| 10% (₹2,30,355) | ₹20,73,195 | ₹33,884 | ₹7,73,061 |
| 20% (₹4,60,710) | ₹18,42,840 | ₹30,119 | ₹6,87,156 |
| 30% (₹6,91,065) | ₹16,12,485 | ₹26,354 | ₹6,01,251 |
A 30% down payment saves ₹1,71,810 in interest versus 10% down over seven years. Model any early lump-sum prepayment in the prepayment calculator — no penalty under RBI rules on floating-rate loans.
Running Cost: XEV 9e vs Petrol Full-Size SUV
The XEV 9e (all variants) uses the 79 kWh battery delivering 542–656 km MIDC range. Home charging at ₹4–6/kWh costs about ₹1.5–2 per km; a comparable full-size petrol SUV costs ₹9–11 per km.
| Annual distance | Petrol full-size SUV (₹10/km) | XEV 9e (₹2/km) | Annual saving |
|---|---|---|---|
| 10,000 km | ₹1,00,000 | ₹20,000 | ₹80,000 |
| 15,000 km | ₹1,50,000 | ₹30,000 | ₹1,20,000 |
| 20,000 km | ₹2,00,000 | ₹40,000 | ₹1,60,000 |
At 12,000 km/year for 7 years, the fuel saving of roughly ₹5.6 lakh approaches the total interest on the Pack Two loan (20% down scenario). On top of the ₹3–4 lakh road-tax saving versus a petrol equivalent in Karnataka, the XEV 9e's 7-year total cost of ownership is meaningfully lower than its petrol premium-SUV rivals.
Is a Mahindra XEV 9e EMI Affordable for You?
The XEV 9e Pack Two EMI of ₹30,119 requires a take-home income of roughly ₹1.5–2 lakh per month for comfortable FOIR compliance. The Top AWD at ₹41,870 EMI (20% down) requires roughly ₹2.1–2.8 lakh. Check your eligibility with the loan eligibility calculator and read how much EMI you can afford. A CIBIL score above 750 earns the best rates — see CIBIL score and loan interest rate.
How to Get the Best XEV 9e Loan Deal
- Ask for EV-specific rates — banks typically offer 0.25–0.5% below standard car loan rates for EVs; on a ₹20+ lakh loan this saves ₹20,000–₹40,000 over 7 years.
- Compare Mahindra Finance vs your bank — manufacturer finance runs promotional EMI and processing-fee offers on the XEV 9e.
- Avoid the 8-year tenure on the Pack Two — the extra ₹3.16 lakh in interest versus 5 years exceeds the annual fuel saving in year 1.
- Use fuel savings for early prepayment — ₹80,000+/year in fuel savings can be channelled as an annual lump-sum prepayment to reduce total interest dramatically.
- Check current rates at current loan rates and compare offers at compare loans.
For the EV finance overview, read EV loan guide India 2026. Comparing with a smaller Mahindra EV? See the Mahindra BE 6 guide.
Frequently Asked Questions
What is the on-road price of the Mahindra XEV 9e in 2026?
For the Pack Two 79kWh (₹21,90,000 ex-showroom), the on-road price is ₹23,03,550 across all states — ₹0 road tax, ₹76,650 insurance, ₹21,900 TCS and ₹15,000 registration. The Pack Three reaches ₹28,26,050 and the Top AWD ₹32,02,250.
What is the EMI for the Mahindra XEV 9e?
For the Pack Two on 20% down (₹4,60,710) and a 7-year loan at 9.5%, the EMI is ₹30,119 on a ₹18,42,840 loan. A 5-year tenure raises it to ₹38,703 but saves ₹3,15,708 in total interest. Use the car loan EMI calculator to adjust the figures.
Is road tax zero for the Mahindra XEV 9e?
Yes. All Indian states have waived road tax for EVs. The XEV 9e pays ₹0 road tax in every state. On the Top AWD at ₹30.5 lakh, this saves approximately ₹4.27 lakh versus an equivalent petrol SUV registered in Karnataka — one of the largest road-tax savings among mainstream EVs in India.
What range does the Mahindra XEV 9e offer?
The 79 kWh battery delivers 542 km MIDC range on the Pack Two/Three and 656 km on certain specifications. Real-world range in mixed conditions is typically 60–70% of MIDC, translating to 325–460 km per charge.
How does the XEV 9e differ from the Mahindra BE 6?
The XEV 9e is a full-size SUV (larger footprint, 5-seat SUV body); the BE 6 is a compact coupe-SUV. Both use the INGLO platform and 79 kWh battery on higher trims. The XEV 9e offers more interior space and a 3-screen panoramic cockpit; the BE 6 offers sportier styling at a lower entry price. The XEV 9e also has an AWD option (Top variant).
Does TCS apply on the Mahindra XEV 9e?
Yes. All XEV 9e variants are priced above ₹10 lakh, so 1% TCS under Section 206C(1F) applies. TCS is fully adjustable against your income tax at annual filing.
What is a sensible down payment for the XEV 9e?
Around 20% (₹4,60,710 for Pack Two) is a reasonable balance. A 30% down payment saves ₹1,71,810 in interest over seven years. On the Top AWD, the loan is larger, so the interest saving from a 30% down payment exceeds ₹2 lakh — worth doing if your emergency fund remains intact.
Try the calculator
Run your own numbers in seconds. Pick the calculator that fits your loan type.
Other Car Guides
On-road price and EMI for more models.