Mahindra Verito Electric Exports Could Begin Soon

Mahindra Verito Electric is likely to hit the road soon, but not in India. The car maker showcased the electric version of the spacious Verito sedan at the Auto Expo earlier this month and it was evident the car was not too far from being production ready.

However, Mahindra is not too keen on selling the electric sedan in India as the price for the car would be too high. Since the government has not yet started providing subsidies to electric vehicles and likelihood of an electric sedan such as the Verito leaving the showroom in profitable numbers is very low.

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On the other hand, Mahindra cannot leave a product in animated suspension after having invested heavily in its development. The solution to this is exporting the Verito Electric.

Speaking at a press conference in Mumbai Dr. Pawan Goenka, President of the Automotive and Farm Equipment Sector, Mahindra & Mahindra revealed that the company may consider exporting the electric sedan, reports Autocar Pro.

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Dr. Goenka revealed that if required the Verito Electric can be made production ready in 6 months time. Also, considering the Verito's spacious interior the electric sedan would make for an ideal city taxi, he said.

Even earlier Mahindra has made it clear that though it would continuing working on electric cars for the future it would only launch them in India once the atmosphere is made more welcome through introduction of subsidies by the government.

Mahindra's Reva e2o is is already suffering slow sales owing to its expensive price tag. The only way the likes of Reva e2o and Verito Electric can take off in the country is once the National Electric Mobility Mission Plan (NEMMP) kicksoff.

The government plans on putting a dozen million electric vehicles on road by 2020 through this scheme by relaxing taxes on EVs and through subsidies. The first phase of subsidies could begin as early as April this year.

Mahindra Verito Electric is run by a 29 kW electric motor and a 72V lithium ion battery which can power the car to a top speed of 85 km/h and give it a range of up to 80 km. Charging takes 7 hours, but it can be cut short to just 1 hour through fast charging.