Mahindra Electric Vehicles To Contribute 2-5 Percent In India Soon

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Mahindra & Mahindra currently offer their e2o in India as one of their electric vehicles. The Indian manufacturer is showing great confidence in its electric vehicle department. They believe India will contribute to roughly 2 to 5 percent of total sales.

In this years annual budget the Government of India has decided to dedicate INR 75 crore to promote electric vehicles. Mahindra understand that electric vehicles will not catch up soon, however, they are positive that certain people will surely opt for a cleaner vehicle.

Mahindra currently is the only manufacturer present in Formula E from India. It is evident that they are developing their electric vehicles from this racing scene. They had taken over the reigns from Reva and introduced their EV called the e2o.

At 2014 Auto Expo the Indian manufacturer had showcased several of its vehicles with hybrid or complete electric vehicles. Mahindra showcased a Verito and XUV 500 with hybrid systems powering them.

BMW has brought to India its i8 hybrid supercar, they also offer their 7-Series with an active hybrid system. Toyota also offers its Prius hybrid sedan in India at a premium, with the help of Indian Government and subsidies these vehicles can be priced cheaper and more accessible.

To increase the use of electric vehicles in India, the Government will have to spend money on establishing quick charge systems for electric vehicles. The main issue with electric vehicles is that owners have to monitor their use, so that they do not run out of charge and are stuck.

Story first published: Monday, March 16, 2015, 17:25 [IST]
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