Mahindra & Mahindra Ltd.

Mahindra Electric, part of the diversified USD 17.8 billion Mahindra Group and the country's only manufacturer of all electric vehicles, has entered into partnership with Zoomcar, India's leading self-driven car-rental company. Under the aegis of this strategic association, both companies will encourage and promote the concept of shared mobility of electric cars in India.

This partnership will enable individuals to buy the new all-electric Mahindra e2oPlus on ZAP, Zoomcar's fractional car ownership program. The ZAP program allows individuals to purchase the e2oPlus on Zoomcar's self-drive platform, list the vehicle on a dynamic basis whenever idle, get bookings from Zoomcar's customer base and earn cash to help offset the monthly ownership costs (by sharing in the profit on a daily, weekly and monthly basis). As an e2oPlus owner, this brings down the initial cost of acquisition for the vehicle. Through this program, the buyer can save as much as Rs 15,000 per month. To start with, this program will be implemented in Bangalore, Delhi and Pune and will soon be launched in other cities as well.