Mahindra's World's most affordable electric SUV in the works
Currently, the compact electric SUV in the works has been code named S107.
Mahindra & Mahindra (M&M) has been reportedly planning to launch the most affordable electric SUV via its Mahindra Electric Unit. The same was previously known as Mahindra Reva, after the M&M acquired the homegrown electric car company Reva in May 2010.
Currently, the compact electric SUV in the works has been code named S107. The idea is to fuse Mahindra’s special expertise in the SUV space with that of the Reva’s expertise in making electric cars. With its line-up in the electric vehicles segment consisting of the e2o, verito, etc., Mahindra believes in pioneering into the electric vehicles space, which it considers as the future.
“If anyone is preparing feverishly for a disruptive future of mobility, it is Mahindra,” Group Chairman Anand Mahindra told shareholders at the 70th Annual General Meeting, and added, “We fully intend to be profitable participants in this new world.”
Besides the e2o, Verito and the new compact SUV, Mahindra has also been contemplating the launch of an electric version of the KUV, though nothing has been finalized nor confirmed yet on that front. So going forward, Mahindra will be offering more of SUVs and commercial vehicles in the electric vehicles space at affordable costs.
Meanwhile, Ford is also likely to chip in with the launch of an electric version of its successful compact SUV Ford EcoSport. However, it’s a five year plan that will go on till 2020-21 before the American carmaker would launch the first electric version of the EcoSport.
Mahindra has been making its foray into the electric vehicle segment quite early in hopes of selling high volumes and working out economies of scale, expecting to sell initially about 6,000 units each year of the electric, hybrid and CNG models. In the meantime, Mahindra will also try to boost its export market for the Mahindra Electric range of vehicles.
While Indian carmakers Tata Motors and Mahindra came together to develop affordable electric and hybrid vehicle components via a consortium, Ford India opted out of the initiative to develop its own electric version of the EcoSport.
Source: Vicky.in