Mahindra & Mahindra Ltd.

Country’s largest utility vehicle maker, Mahindra & Mahindra’s electric car arm Mahindra Reva, is all set to roll-out the first electric car 'E2O' in March, despite Finance Minister not extending subsidy for electric cars in this budget, so the entity have to look at its internal strategy to launch the product.

The new E2O is likely to have a top speed of 100 kilometers per hour, but is smaller than premium hatchbacks like Swift and i20. Mahindra Reva has 100 charging stations across Delhi and Bangalore, and is aiming to add 300-500 in the next few years. Automaker is also planning to lease the car battery to lower cost.