The e2o isn't cheap, but it's a huge leap ahead from the original Reva.
The much awaited Mahindra e20 launched on Tuesday.
The group also said it has plans to extend the electric mobility technology to its two-wheelers, while seeking support from the central government for pushing eco-friendly vehicles.
The car entails a Rs 0.50/km cost vs Rs 4.5/km, diesel Rs 2.7/km and CNG Rs 2.12/km.
Mahindra Reva Electric Vehicles, a part of the Mahindra Group, on Tuesday slashed the price of its electric car e2o by up to Rs 1.7 lakh by introducing a scheme under which a consumer pays a rental fee for the battery.
The e2o is manufactured by Mahindra Reva Electric Vehicles.
The carmaker was waiting for the government to announce sops for green vehicles in the Budget that would have help price the car lower.
M2M refers to technologies that allow wireless and wired systems to communicate with other enabled-devices.
India is sceptical that Tesla might import into the country cars made in China. Tesla executives were in India last month and appear to have proposed a factory in the country. But do not be surprised if that does not happen in a hurry.
Analysts have predicted a 23 per cent volume growth for the auto segment between FY22 and FY25, riding on the company's differentiated EV and SUV plan. M&M is already a market leader with a 36 per cent share in electric three-wheelers, and its Zaheerabad plant in Telangana is ready to cater to demand. In the farm segment, the company plans to focus on niche electric products.
The premium e2o has an extended range of 120 km and electric power steering.
The e2o, an all-electric, four-seater passenger car, will be the first model under the Mahindra Reva stable to be launched.
The 2-door vehicle may finds its way back in India with the launch of the all-new Thar by Mahindra and Mahindra, says Rajesh Karkera.
Mahindra has been keen on bringing to market cars that would redefine the 'future of mobility' in India.
A variant of the e2o could be exported to the Middle Kingdom, Europe next year.
The company, which rents cars by the hour, day, week and month, has Mahindra E2O Plus and Tata E Tigor available on the platform for which it charges a subscription fee of Rs 15,000-20,000 per month.
Take a look at these dazzling cars of the future.
The vehicle will be produced at Mahindra Reva's recently inaugurated plant in Bengaluru, the company said.
Mahindra Reva tops the Fast Company rankings of India's most innovative companies.
M&M also showcased its new format next generation 'dealership of future' designed by Pininfarina.
There are four things that stand out in China's strategy for electric vehicles, says Vandana Gombar.
New electric and hybrid vehicles on display as manufacturers plug into environment-friendly segment.
Joint crack team of Maruti, Tata Motors, M&M to develop hybrid cars in India
Tesla began taking orders for its $35,000 Model 3 sedan from Indian customers in April last year.
Tesla began taking orders for its Model 3 sedan from Indian customers in 2016 and caught the fancy of people like GOQii's Vishal Gondal, Paytm's Vijay Shekhar Sharma and venture capitalist Mahesh Murthy. Amid hints from Elon Musk, Alnoor Peermohamed reports on Tesla's Indian entry.
The major reason for the policy confusion over e-vehicles is the lack of conviction within government about the utility of this disruptive technology and its role in India's larger Paris Agreement climate change commitments.
Signals received from the government in the past one year reflect a state of utter confusion, says Abhishek Tripathi.
Future strategy will not just revolve around EVs: Maruti Suzuki's Ayukawa. Maruti Suzuki's MD&CEO says electric vehicles cannot be a solution outside the cities.
If you opt for a petrol variant, you will need to reapply for loan.
JLR is developing its own autonomous car technologies, which could one day trickle into Tata's more affordable people carriers.
Maruti Suzuki, Hyundai and M&M draw visitors with a range of concept cars.
Large manufacturers are investing in small companies to get a peek into their R&D. Alnoor Peermohamed and Anita Babu report.
Audi India launched the second generation 2016 Audi R8 at the show.
Model 3 received 180,000 orders worldwide.
Godrej and some other firms are frustrated at what they say is the slow execution of projects and lack of government support, which are hampering India's efforts to compete with China and Russia as a cheaper option for launching satellites.
Prasanna D Zore/Rediff.com drives the Mahindra Reva to Pune and comes away impressed with the electric car.
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