Mahindra & Mahindra Ltd.

Mahindra & Mahindra, country’s largest utility vehicle maker is planning to develop the next electric power train jointly with SsangYong Motor of Korea, which the Indian company bought out a little over two years ago. The new vehicle will also be developed by Mahindra Reva, which has its plant in Bangalore.

Recently, the entity launched an all-electric four seater passenger car -- e2o. Developed by Reva Electric Car Company, the e2o has been priced at Rs 5.96 lakh (on road, Delhi). The price of e2o (standing for energy to oxygen) includes the state government subsidy.