Electric Car Discounts in March 2026: Save Up to ₹10 Lakh on Tata, Hyundai, Mahindra, and MG EVs
If you are considering buying an electric car, March 2026 could be the best time to do so. As the financial year draws to a close, major manufacturers including Tata Motors, Mahindra, Hyundai, and JSW MG Motor are offering significant discounts to clear existing stock. Savings of up to ₹10 lakh are available on select models. Here is a breakdown of the discounts available by brand.
Tata Motors
Tata Motors, India’s largest electric vehicle manufacturer by sales, is offering significant discounts across its EV lineup this month. The Tiago.ev is available with benefits of up to ₹2.1 lakh, while the Nexon.ev offers savings of up to ₹1.2 lakh. The Curvv.ev carries the largest discount in the range — up to ₹3.8 lakh. Tata currently offers six electric vehicles in India and is expected to launch the Sierra.ev soon.
JSW MG Motor
JSW MG Motor is offering one year of free public charging with every purchase of the Windsor EV — one of last year’s best-selling electric cars in India. Additionally, business buyers can claim up to ₹13.17 lakh in depreciation benefits on their income tax filings.
Mahindra
Mahindra is running attractive promotions for electric car buyers this March. The XUV400 is available with direct savings of up to ₹4 lakh, while the BE 6 and XEV 9e models carry benefits of up to ₹2.95 lakh. These offers are valid only until March 27, so buyers should act promptly.
Hyundai
Hyundai is offering the largest single discount on this list — up to ₹10 lakh off the Ioniq 5. This discount applies to the pre-facelift version of the car, as the company looks to clear existing inventory ahead of the updated model’s arrival.
Why March Is a Good Time to Buy an EV
Beyond the discounts, there are several additional reasons to consider purchasing an electric car this month.
Tax savings: Business owners benefit from a 40% depreciation allowance in the first year of EV ownership, compared to just 15% for petrol or diesel vehicles — a significant financial advantage.
Fuel cost savings: Electric cars eliminate dependence on petrol, diesel, and CNG, reducing exposure to fuel price volatility and lowering long-term running costs.
Dealer incentives: In addition to manufacturer discounts, individual dealerships may offer extra benefits such as extended warranties, free accessories, or service packages — making it worth comparing offers across showrooms before purchasing.
