Mahindra & Mahindra Ltd.

Mahindra & Mahindra plans to enter the US market with its electric vehicles from group firm REVA’s portfolio within next five years. At present, the US government provides various incentives to the tune of $ 7,500 on electric vehicles. The company is working on to introduce electricity driven technology in M&M’s entire product portfolio and a final announcement will be made during the next fiscal.

So far, the company has focused only on two major cities Bangalore and London, where a total of over 1,000 Reva cars are plying on the roads at present. The company has sold about 3,700 units since launching its first car in 2001.