Mahindra & Mahindra Ltd.

Mahindra & Mahindra, country’s largest utility vehicle maker has started work on a new platform for a bigger electric vehicle that could even be used by its Korean subsidiary SsangYong Motor. The company is planning to invest about Rs 150 crore to develop electric versions of its three existing vehicles - Gio, Maxximo and Verito. Automaker is waiting for support from the central government for pushing eco-friendly vehicle, so that it can extend the electric mobility technology to its two-wheelers.

Recently, the auto major had successfully launched its first electric car e2o. The entity has begun with the design and development work of the proposed platform at its electric car division Mahindra Reva’s Bangalore centre. The company had spent a total of Rs 100 crore on the development of e2o and construction of a manufacturing plant with an annual capacity of 30,000 units a year.