Wednesday, 24 October 2012

Mahindra's Electric car to be called E2O - launching December 2012




Mahindra & Mahindra's Electric car, which is currently in the final stages of its development and testing is expected to go on sale early December 2012. The new electric car which is likely to be called at E2O (E-two-oh) - sounds similar to two molecules of "E" (Electric) and one molecule of "O" (Oxygent). The Electric car from Mahindra will be powered by a 29KW(39.4bhp) electric motor and will use 48-volt compact lithium ion batteries. The expected price of this car should be some where around Rs 5.5 Lac.

The E2O will also be the first Mahindra to come out of the recently inaugurated green plant at Bangalore. Pawan Goenka, president of the automotive division, said that investing in an electric car project makes financial sense. Manufacturing an electric vehicle is cheaper than making cars with internal combustion engines and the cost of building a plant with an annual capacity of 6,000 units is not as high as that of a conventional vehicles facility. M&M has invested Rs 2,500 crore in the electric vehicle plant so far.

Stay tuned for more information.


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