Mahindra and Mahindra and Uber partner to deploy EVs

Ross Houston
November 24, 2017

According to the company, its EVs on the Uber platform will include the "e2oPlus" hatchback and the "eVerito" sedan. The first lot of vehicles are likely to hit the roads by February.

Mahindra & Mahindra today announced a collaboration with shared mobility provider Uber to explore the deployment of electric vehicles (EVs) on the Uber platform in many cities across India.

The company said that they are also working to stretch the current driving range of its vehicle on the to 200 km per charging, which now is around 130-140 km.

The tie-up closely follows the recent tie-up between Tata Group and Jayem Automotives to deploy EVs in New Delhi through Ola, Uber's rival.

The statement also said, initially the company will start the project with Delhi and Hyderabad and later it will be implemented in various other cities. "Our collaboration with Uber is an important next step to help accelerate the large-scale adoption of EVs on shared mobility platforms and meet the nation's vision of EVs", said Goenka.

As part of this collaboration, Uber's driver partners can buy these electric vehicles at lower rates, loans with low interests, subsidized insurance premiums, and vehicle maintenance packages, as Mahindra is also a financier for Uber's driver partner through Mahindra Finance.

On Thursday, government think tank NITI Aayog said, central government's Electric Vehicle (EV) Mission 2030, can create a Rs 19.5-lakh crore ($300 billion) domestic market opportunity for battery manufacturers under "Make in India" scheme.

The EV market is now small but once it starts growing, Mahindra will ramp up the production at its facility in Zaheerabad in Telangana, he said.

"We see a key role for high efficiency vehicle technologies and therefore, believe that this collaboration with Mahindra, the pioneers in the electric vehicles space, will be truly beneficial not just for Uber, but for our driver partners, riders and the cities we operate in", he added.

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