Mahindra electric car 'e2o' to come for Rs 5.9 lakh in New Delhi:

 NEW DELHI: Electric cars may have failed to do much globally, but Mahindra & Mahindra believes otherwise. Nearly three years after acquiring a majority stake in fledgling electric carmaker Reva, the Indian utility vehicle and SUV major drove in the e2O electric car on Monday, the vehicle promising a running cost of 0.50 paise per km, nearly one tenth of a petrol car and about a fifth of a diesel car.

The vehicle, which uses a lithium ion battery and promises a run of 100 kms on a single charge, has been priced at an aggressive Rs 5.96 lakh (on-road), which perhaps makes it the world's cheapest electric car. Electric cars selling in the West -- which have failed to cut much ice in the market -- are priced much higher like the Nissan Leaf (33,000 Euro or approximately Rs 23 lakh), Mitsubishi i-MiEV (Rs 25 lakh) and Renault Zoe (Rs 17 lakh).

Anand Mahindra, chairman of the Mahindra group, said that the e2O marks a generational change in the Indian car industry. "It also advances the Mahindra group's efforts at redefining sustainable urbanisation with the creation of an eco system that includes mobility solutions along with other environment-friendly innovations."

 ARUSI SINGH

PGDM2nd Sem