Mahindra, Uber team up for Electric Vehicle (EV) push in India

  • Mahindra, Uber team up for Electric Vehicle (EV) push in India

Mahindra, Uber team up for Electric Vehicle (EV) push in India

Uber has changed the way we book a cab.

As part of the agreement, Mahindra will deploy electric vehicles initially in Delhi and Hyderabad. Deliveries would include the e2oPlus hatch and the eVerito sedan models.

Ride-hailing firm Uber will partner with automaker Mahindra and Mahindra to pilot electric vehicles on its platform in India, the two companies said on Friday, at a time when the government is pushing to have all new vehicles electrified by 2030.

While it's too soon to state which cars will get the electric drive, the KUV100 is a likely applicant.

Hundreds of vehicles will be deployed in the capital and Hyderabad, which will be subsequently expanded to other cities.

Goenka said that his efforts is not only to bring down the total cost of the vehicle but also to increase the driving range, so as to make it sustainable in the long run.

On the tie-up, Uber Chief Business Officer, India and Emerging Markets, Madhu Kannan said the company aims to build a more sustainable future of mobility, moving more people requiring on-demand services with fewer, fuller, and more efficient vehicle trips.

Apart from the supply of electric vehicles, the alliance will also include insurance, maintenance and financing. However post the execution of 10000 vehicle orders, the market will nearly triple. The company has already spent around Rs 600 in the sector since the time it first acquired Bengaluru based Reva Electric auto company in 2010.

However, the request is going to go up and Mahindra needs to be the first in that section to offer the greatest number of decisions as it can, which is the reason it declared that there'll be two electric vehicles that will be launched in India by 2019.

Mahindra also has a partnership with Ola in which the ride-hailing company agreed a year ago to procure 40,000 vehicles, including electric variants.

M&M's push for EV comes on the backdrop of government's push on the segment in the big way as it expects around 5 million of it to be sold by around next 15 years. Mahindra Electric, the electric mobility arm of Mahindra was reportedly planning to invest Rs 300-400 crore in the venture. In the coming six months, however, Mahindra is looking to increase its production capacity up to 1,000 cars per month.