Mahindra & Mahindra Ltd.

Mahindra & Mahindra’s (M&M) subsidiary Mahindra Reva, India’s electric vehicle pioneer is planning to export its electric car to Europe next year. At present, it is working on regulatory framework of the European Union for starting export.

The company has recently introduced its all-electric, zero-emission car in Chandigarh, which will be made available at EMI of Rs 12,802 for customers of Chandigarh.  The automaker is focusing metro cities for promotion of its electric cars, and the car will be available on Mahindra's outlet. The Delhi government is providing a 15% subsidy on purchase of eco-friendly vehicles, and the company expects that other state will also offer subsidy on such vehicles in near future.