Mahindra may launch electric Verito this year

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Indian automaker Mahindra and Mahindra is working on three electric variants of its existing models.

And of these — e-Verito, e-Genio and e-Maxximo — the electric variant of Verito is expected to be rolled out later this year, Business Standard has reported. It should be the first four-door Indian electric vehicle when launched.

The company, which acquired the electric car company Reva recently, has been adapting its existing range of vehicles to EV technology.

The electric variants of the commercial vehicles Genio and Maxximo are part of the company’s experiments with EV technology in this segment.

Mahindra has invested about Rs150 crore to develop the three vehicles, BS has reported.

The automaker had shown its inclination for electric vehicle technology when it showcased the XUV500 Hybrid at The Auto Expo 2014. Mahindra then stated that it planned to roll out the vehicle and an automatic variant in 2016.

The company has been working with its Korean subsidiary Ssangyong to develop new engines for their vehicles including a possible petrol engine oriented to the export market.

Recently the Indian government introduced Faster Adoption and Manufacturing of Electric vehicles (FAME) scheme which has led to the lowering of prices in the specific automotive segment. Mahindra itself brought down prices of its Reva e2O following the reduction of duties and the introduction of subsidies.

Ajith Kumar S

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