Since the acquisition of Reva, Mahindra has been utilising the electric vehicle technology on its existing range of vehicles. Mahindra has been working on three new electric vehicles, beginning with the Verito and the other two being commercial vehicles, the Genio and the Maxximo.
As the government is increasingly supporting electric vehicles, we will benefit not just in passenger cars but even in commercial vehicles, mentioned Dr Goenka, Executive Director, Mahindra & Mahindra. The Reva e2O has become highly affordable as the duties for electric vehicles have come down.
We are already testing the e-Verito, e-Genio and the e-Maxximo, he further added. Mahindra has been looking at getting the electric version of the Verito for a while and we could expect it to be launched this year. The company has invested about INR 150 crores for developing these three vehciles. This will be the third vehicle on the Verito platform and a first four-door Indian electric vehicle as well.
Mahindra is even utilising the electric technology for making hybrid vehicles. The company had showcased the XUV500 Hybrid at the 2014 Auto Expo and we can expect it to be launched in 2016, along with the automatic variant launch too at a similar time.
Mahindra and Ssangyong are working towards developing new engines and we can even see a petrol XUV500, which will be pre-dominantly for export markets. Mahindra has been increasingly exporting more UVs from India and is also looking at enhancing Ssangyongs exports, which have been affected by decline in market demands in Russia and China.
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