Mahindra Reva, the electric car company, a part of the $16.2 million Mahindra Group has entered into an agreement with cab rental company Carzonrent. Under the partnership, Carzonrent will offer Mahindra’s electric car e2o for self drive in the three cities of New Delhi, Bangalore and Mumbai from 1st October 2013.
Mahindra Reva, the electric car company of Mahindra Group, has launched the e2o in Chandigarh with an EMI option. According to this, e2o can be bought with a down-payment of Rs 1.5 lakhs and an EMI of Rs 12,802 for five years, taking the total cost to Rs 9.18 lakhs.
On the sidelines of annual conference of Confederations of Indian Industries, Dr Pawan Goneka, President (Automotive and Farm Equipment Sectors), Mahindra & Mahindra revealed that the initial response for their new electric car, e2o has been disappointing.
Mahindra Reva, the electric car company, owned by $15 billion Mahindra Group, launched their new e2o EV early last week. Priced at Rs 5.96 lakh (on road Delhi, after state subsidy), e2o is being projected as a car which will save you as much as much as Rs 4 lakhs by the end of 5 years. We find how true is that.
Mahindra Reva launched their new electric car, e2o earlier this week in New Delhi. Priced at INR 5.96 lakhs, on road, Delhi, the two door, four seater car is expensive compared to the competition. But, Mahindra says, driving 1,200+ kms of e2o every month, will save you Rs 70,000 on fuel and maintenance annually.
At the launch event of e2o, Anand Mahindra, Chairman Mahindra Group confirmed that exports of the new electric car will commence in a year’s time by 2014. He also revealed they are working on sharing of their electric technology with Mahindra 2 Wheelers, which means that you will see an electric two wheeler from Mahindra in the near future.
Mahindra Reva e2o was launched earlier today in India at a price of Rs 5.96 lakhs. At the launch, Mahindra Group Chairman, Anand Mahindra stated that India is ready for electric cars.
Priced at INR 5.96 lakhs, on-road, New Delhi, the all new electric car, Mahindra Reva e2o sets new standards in the Indian auto industry. One of the highlights of the e2o is that it can think and it is smart. Mahindra states that the e2o is not a car, but future mobility. Its just called a car, because they do not have a better substitute, stated Dr Goenka.
Mahindra Reva electric car will be officially launched today in India. The event is scheduled to commence at 12 PM. You can watch the live streaming here.