Mahindra & Mahindra Ltd.

After receiving overwhelming response for its electric car e2o, Mahindra & Mahindra (M&M) is planning to launch the electric version of its entry-level sedan Verito within a year. Verito is a heavier car than the e2o. At present, the company is spending about Rs 150 crore to build up electric versions of its three existing vehicles -- Gio, Maxximo and Verito.

Recently, the country’s largest popular utility vehicles maker reported 10.62% increase in its total sales at 51,904 units in March 2013 against 46,919 units in the same month in 2012.