Mahindra XUV 400 EV costs रु 1,49,000 less ex-showroom. V23 has 20 mm more ground clearance.
Worth considering for buyers prioritising distinctive styling, rear-wheel drive, 210 mm clearance, and compact-SUV manoeuvrability; its value is weaker if maximum range, boot space, or established service coverage matters most.
At Rs 52.5 lakh, it suits buyers prioritizing range and a proven mainstream EV badge. It feels competitive only if you value the official Nepal launch price and do not need top-end ADAS or luxury features.
Explore full specifications and service support
Every variant, priced
Ex-showroom by trim — pick one to load it into the columns above.
What each one really costs you
From our tax and EMI tools — bagmati province rates, 5-year loan at 7.5% with 40% down.
Estimates, not quotes. Road tax follows the published provincial schedule; insurance is the third-party tariff. Confirm with the dealer and insurer.
Our verdict
These two split the decision: the Mahindra XUV 400 EV is रु 1,49,000 cheaper ex-showroom (2.8%), while the iCAUR V23 is ahead on ground clearance and battery capacity — so the answer depends on which of those you are buying for.
- rough, unpaved or flood-prone roads are part of your daily route
- you want the bigger pack for range headroom
Measured: 20 mm more ground clearance; 20.4 kWh more battery capacity.
- the ex-showroom price is your binding constraint
- you want servicing within reach of where you live
- you want a dealer close enough to visit and negotiate at
Measured: 114 more service centres in Nepal (120 vs 6); 65 more showrooms in Nepal (126 vs 61).
Every figure in this verdict is computed from the table below — the same ex-showroom prices, variant specifications and Nepal service network the page publishes. Nothing here is an estimate, and where a figure is missing on one side the axis is left out rather than guessed.
What we have actually checked
Checked against the distributor's own published price, most recently on 05 August 2026. The rest are listed as published and carry no verification date.
Counted from our own showroom and service-centre directories, not from a brochure — every outlet behind these numbers has a listing on this site with an address and a phone number.
Browse the showroom directory →This comparison is assembled from the Nepal AutoMart catalog — distributor price lists we track daily, variant specifications verified against brochures, and our own showroom and service-centre directories. Specifications a source only hedges at are left blank rather than filled in, prices carry the date they were last checked, and corrections are logged. How we source and verify this data.
iCAUR V23 vs Mahindra XUV 400 EV — questions buyers ask
Which is cheaper in Nepal — iCAUR V23 or Mahindra XUV 400 EV?
As of October 2026, the Mahindra XUV 400 EV starts at Rs 52.5 lakh ex-showroom — Rs 1.49 lakh less than the iCAUR V23 at Rs 53.99 lakh.
What is the price of the iCAUR V23 and Mahindra XUV 400 EV in Nepal?
The iCAUR V23 costs Rs 53.99 lakh and the Mahindra XUV 400 EV costs Rs 52.5 lakh (ex-showroom, October 2026).
Should I buy the iCAUR V23 or the Mahindra XUV 400 EV?
These two split the decision: the Mahindra XUV 400 EV is रु 1,49,000 cheaper ex-showroom (2.8%), while the iCAUR V23 is ahead on ground clearance and battery capacity — so the answer depends on which of those you are buying for. Take the iCAUR V23 if rough, unpaved or flood-prone roads are part of your daily route. Take the Mahindra XUV 400 EV if the ex-showroom price is your binding constraint. Every figure behind that call is in the table on this page.