Mexican Media Brands
Mahindra Launches New Electric Car
Mahindra & Mahindra Ltd. has introduced its e20 electric hatchback in India, priced at 596,000 rupees ($11,000).
The car, which replaces the two-seater REVAi electric vehicle, boasts a range of more than 100 km (62 miles) per charge.
#hybrid
Share
Mahindra & Mahindra Ltd. has introduced its e20 electric hatchback in India, priced at 596,000 rupees ($11,000).
The car, which replaces the two-seater REVAi electric vehicle, boasts a range of more than 100 km (62 miles) per charge.
The e20 was developed by the Mahindra Reva Electric Vehicles unit. Mahindra acquired a majority stake in Reva Electric Car Co. in 2010.
The company aims to initially sell 400-500 e20s per month in India. Mahindra says it will launch the EV in Europe by April 2014, starting in Iceland and Norway.
Analysts say EVs haven't caught on in India, in part because of a lack of charging infrastructure. The company has set up 250 charging stations in big cities, including 95 in New Delhi.
India's government plans to spend as much as 138.5 billion rupees ($2.6 billion) in trade and financial incentives to promote the EV market.
RELATED CONTENT
-
Tesla Owners in Germany Ordered to Return Subsidy
Germany has ordered about 800 Tesla Model S electric cars owners to pay back a €4,000 ($4,700) government subsidy they received.
-
UPS to Test Electric Delivery Truck
United Parcel Services of America Inc. is partnering with Los Angeles startup Thor Trucks Inc. to test a fully electric Class 6 delivery truck.
-
Electric Trucks Emerging
Rudolph Diesel—who, incidentally, died mysteriously while traveling by a post office steamer on the English Channel in 1913—must be rolling in his grave.