Mahindra-Uber Tie-Up To Deploy Electric Vehicles In India

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Mahindra-Uber Tie-Up To Deploy Electric Vehicles In India

Uber has changed the way we book a cab.

The policy would support EVs and a draft policy was nearly ready and we are waiting for feedback from the Transport and Municipal Administration Departments on the proposals, Telangana government Principal Secretary (Inofrmation Technology) Mr Jayesh Ranjan told reporters on the sidelines of an event where Mahindra Electric, part of the Dollars 19 billion Mahindra Group and Zoomcar, India's leading Car Rental Company, announced launch of shared mobility here today.

The partnership is then likely to be extended to other cities across the country.

According to a report by the NDTV Auto, the Indian vehicle maker will introduce two electric cars in Indian auto market, which are likely to be based on existing cars models in the company's portfolio. The increase in driving range will give the driver of the auto an entire day to drive without having to worry about the recharging. Goenka added that he does not expect government and Uber subsiding the cars in the long run and hence increase in driving range of the vehicle should not push its sticker price.

The total number of EVs sold globally was 6-7 lakh units at the end of 2016 and only about 2000 EVs in India.

"We see a key role in high efficiency vehicle technologies and therefore this collaboration with Mahindra will be beneficial for not just Uber but for our driver partners too in cities that we operate", added Kannan. However post the execution of 10000 vehicle orders, the market will nearly triple.

As part of the deal, Uber will at first subsidize the cost of electric cars for its motorists and Mahindra will also provide finance, insurance and after-sales service. The state government also hopes to attract EV manufacturers.

While Goenka did mention that the electric vehicles in offing will be Mahindra's current models with an electric power train, as per the report, but he did not disclose the models that will be re-launched in electric avatars. Mahindra Electric, the electric mobility arm of Mahindra was reportedly planning to invest Rs 300-400 crore in the venture. In the 7 months of the current fiscal year, Mahindra has announced to offer 600 odd electric cars and that is very great considering that the organization produces 100 of them consistently.

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