Mahindra has been keen on bringing to market cars that would redefine the 'future of mobility' in India.
The vehicle will be produced at Mahindra Reva's recently inaugurated plant in Bengaluru, the company said.
The premium e2o has an extended range of 120 km and electric power steering.
The much awaited Mahindra e20 launched on Tuesday.
Mahindra Reva has developed technologies that will be seen for first time in its new car, NXR.
The carmaker was waiting for the government to announce sops for green vehicles in the Budget that would have help price the car lower.
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.
Mahindra Reva tops the Fast Company rankings of India's most innovative companies.
Company has already put in place around 100 charging points across Delhi and Bangalore.
The e2o, an all-electric, four-seater passenger car, will be the first model under the Mahindra Reva stable to be launched.
The company plans to launch a slew of models in the domestic as well as overseas markets in the coming year.
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.
A Mahindra group firm and electric vehicle maker, Mahindra Reva will showcase its Formula E car along with a concept electric sports car at the Auto Expo starting next week.
M2M refers to technologies that allow wireless and wired systems to communicate with other enabled-devices.
The e2o isn't cheap, but it's a huge leap ahead from the original Reva.
A variant of the e2o could be exported to the Middle Kingdom, Europe next year.
Mahindra & Mahindra Ltd, India's largest sports utility vehicle and tractor maker, is bullish on its latest acquisition of REVA Electric Car Company.
While the value of the deal could not be ascertained, it is estimated that it could be around $100 million (Rs 450 crore approximately).
The e2o is manufactured by Mahindra Reva Electric Vehicles.
Joint crack team of Maruti, Tata Motors, M&M to develop hybrid cars in India
The Pune-based research institute will design and develop car batteries and offer the technology for mass production.
If the drop in sales over the past two years is anything to go by, India's dream of putting seven million electric vehicles on road by the end of this decade has come a cropper.
The automaker was found to have engaged in anti-competitive practices.
Prasanna D Zore/Rediff.com drives the Mahindra Reva to Pune and comes away impressed with the electric car.
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 & Mahindra is in talks to buy a majority stake in Pininfarina.
Mahindra Racing will enter the new Formula E electric racing series next year with ex-Formula One racer Karun Chandhok set to drive for what will be the only Indian team on the grid.
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.
Model 3 received 180,000 orders worldwide.
The plaintiffs sought to represent all dealers who entered into agreements with Global Vehicles to sell Mahindra vehicles in the United States.
If you opt for a petrol variant, you will need to reapply for loan.
Audi India launched the second generation 2016 Audi R8 at the show.
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