Leading commercial and passenger automobile company Mahindra & Mahindra (M&M) would be launching its Electric Vehicles in Europe soon (2015).
“We are targeting the West European markets of Norway, UK and France for the sale of electric vehicles,” executive director and president (automobile and farm equipment) of M&M Pawan Goenka said here recently.
M&M, which had already launched the ‘e2o’ electric vehicles in the country, was not quite satisfied with the local sales performance.
Mahindra Reva are selling around 250 units all over the country whereas we expected to sell around 100 units per month Goenka told reporters. This low sales can be attributed to the total lack of support, of both, incentives and charging infrastructure to electric vehicle manufactures in India. India could be the only country to roll back the incentives provided to Electric Vehicles & Renewable Energy. Now due to the coming of the Modi Government the scenario is changing… slowly.
Goenka said that in the year 2015 the company is aiming to export the vehicles to the West European markets.
“We will be happy if the company is able to sell 100 units overseas and 100 units in the domestic market. This is a good volume for us,” he said.
M&M, which bought REVA electric car company, would continue to make investments in acquired firm, Goenka added. (EOIC)
Mahindra stable includes the following Electric Vehicles:
1. E2O – 4 Seater Car with 120 kms range. 4hrs for full charge. 1Hr for 80% Charge. Cost $14,000. Top Speed of 100kmph.
2. Halo – 2 Seater Sports car – top speed around 200 KMPH, Halo can reach from 0 to 100 KMPH within 7.
3. Electric Maxximo – 8 Seater, 100 Kms range, top speed of 65kmph,