Mahindra finance backs the green car, the Reva-i in India

A unique value proposition is being offered by Mahindra finance to Reva-i customers. An interest-free deposit of Rs 1 lakh that has to be supplemented by equal monthly installments (EMI) of Rs 7,999 for 3 years has to be paid by the customer. After the maturity period, the company on its side gives a unique option to Reva-i users to either return the car and redeem the deposit, or keep the car and forfeit the deposit.