Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
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Mahindra’s arm Reva Electric Vehicles rolls out Mahindra e2o in Nepal

Date: 16-08-2013

Mahindra and Mahindra (M&M), country’s major automobile maker’s business conglomerate Reva Electric Vehicles has rolled out Mahindra e2o, a zero-emission and fully automatic electric car, in Nepal. These electrical vehicles are now emerging as an alternative to fossil fuel-driven vehicles. Mahindra e2o is a fully automatic car that comes with a “Boost Mode” system for rapid acceleration.

Recently, M&M has reported 29.25% rise in its net profit after tax at Rs 937.91 crore for the quarter as compared to Rs 725.64 crore for the same quarter in the previous year. The total income of the company increased by 8.06% at Rs 10186.75 crore for quarter under review as compared to Rs 9427.24 crore for the quarter ended June 30, 2012.