Mahindra LLM Partners Vidyut to Launch Battery-as-a-Service Program

Mahindra LLM has partnered with Vidyut, an EV startup, to introduce a BaaS program. This initiative reduces EV ownership costs by offering battery rental at ₹2.50/km, cutting upfront vehicle costs by up to 40%. Customers can rent or buy batteries, providing flexibility. The collaboration aims to make EVs more affordable and accessible, boosting adoption in India’s last-mile mobility segment.