The cashback scheme is actually followed on the online retail website 'paytm'. Mahindra has a tie-up with that website and any Mahindra 2-wheeler bought from them with the code MAHINDRA 5K gets a cashback of INR 5,000. No other merchant or official Mahindra retailer is bound to provide the same scheme from their side. If you have bought the same from paytm, you will get the cashback in your paytm wallet and if it has been bought from a retailer, the price of INR 45,250 is the correct price.  The price will easily reach INR 48,000 by including the accessories and extended warranty.