It's raining discounts on EVs

WITH DEMAND SLOWING down, carmakers have enhanced discounts on electric and hybrid vehicles.

- SWARAJ BAGGONKAR

Discounts of up to ₹15 lakh are on offer this month. These offers—a combination of cash discount, scrappage and exchange bonuses, free accessories, and extended warranty—are more than double the recorded levels in December, which typically is the slowest month for retail demand in a year.

With the exception of a handful of new models—all of which were launched over the last few weeks—every electric car is being offered at a minimum discount of ₹1 lakh, according to details shared by the companies. While some of these units were made in 2024, others are 2025 models.