M&MNSEMAHINDRA & MAHINDRA LTD· AutomobilesHighPositive
Announced Fri, 28 Aug, 2026 · 16:46 IST

Mahindra expands Battery-as-a-Service across all Electric Origin SUVs

M&M · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
-1.4%Reaction day
₹3328.30
prior close
₹3320.00
announcement price
After-mkt
timing
Nifty 100market-0.4%-1.0% vs market
Passenger Cars & Utility Vehicles peers, median of 6sector-2.0%+0.7% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty 100 and 0.7 pts more than its Passenger Cars & Utility Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
-0.0
10m
-0.4
15m
-0.2
30m
-0.2
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-1.4-0.4-1.0-2.0+0.7
Next day
-2.1-0.7-1.4-3.0+0.9
2d
-4.1-1.2-2.9-3.8-0.4
3d
-5.1-1.3-3.8-3.9-1.2
4d
-4.8-1.3-3.5-2.6-2.1
5d
-5.1-1.7-3.4-3.6-1.5
1w
-5.4-2.8-2.5-4.3-1.1
15d
-8.3-3.4-4.9-6.7-1.6
1m
-11.4-6.3-5.0-10.5-0.9
2m
—————
3m
—————
UpDownMarket · Nifty 100Sector · Passenger Cars & Utility Vehicles peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mahindra's EV arm MEAL has expanded its Battery-as-a-Service (BaaS) program to its entire Electric Origin SUV line-up: BE 6 SPORTEQ, XEV 9S and XEV 9e. BaaS lets buyers finance the vehicle and battery separately, lowering upfront cost. BE 6 SPORTEQ starts at Rs 11.45 Lakh, XEV 9S at Rs 12.65 Lakh and XEV 9e at Rs 13.90 Lakh, with battery usage cost at Rs 3.75 per km. The company says the program received strong customer response since launch.

Likely market impact

Lowers entry cost for buyers of Mahindra EVs, which may support EV demand and help the company compete on affordability in India's growing electric SUV market.