India Car Co Mahindra Plans To Build Larger Electric Vehicle Forbes

24 Апр 2014 | Author: | Комментарии к записи India Car Co Mahindra Plans To Build Larger Electric Vehicle Forbes отключены
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India Car Co Mahindra Plans To Larger Electric Vehicle

The of Indian car maker Mahindra The first to bring the EV to India, is planning to expand its platform year.

Indian car maker Mahindra Mahindra Mahindra plans to extend their vehicle product line the small Reva E2O, an told the Press Trust of

“After we launched the e2o in March, now we just started developing a new vehicle platform. This be for higher powered vehicles,” MM for Automotive Sales, Pawan was quoted saying on Sunday.

The electric vehicle market a far-off segment of the world’s industry. Over the weekend, end U.S. electric sports car Fisker Karma said it was off 75% of its workforce now that the government has cut to the California company. Tesla Tesla Motors. another California EV maker, is also to build out its market for electric vehicles that start at a $57,000.


The U.S. remains the market for EVs. General General Motors (GM) sold 23,461 Chevy in 2012 compared with 7,671 in 2011. The roughly Volt is one of Chevy’s lowest-selling due to price, but does better the Corvette, which sold 14,000 units in 2012. The Nissan Leaf, a small and stylish EV that goes for $28,900, sold just units last year.

The new price cut, however, allow it to compete with the selling hybrid, the Toyota

Then there’s China to move into a pole in this market, with the promising recently to extend to struggling electric car makers BYD BYD .

In India, Mahindra is partnering Korean car maker SsangYong to out its EV platform.

Last week, said Mahindra will the electric version of its entry-level Verito at some point in

The Reva E2Owas India’s zero emission EV and was originally and produced by the REVA Electric Car It was acquired by Mahindra in 2010. years later, Fast named Mahindra Mahindra one of the 50 Innovative Companies in the World. It was at No.

22 with Tesla Motors.

The E2O goes up to 100 kilometers per charge and with the usual geeked-out phone connectivity that drivers to lock their and turn on the air conditioning from phone.

So far, the market has lukewarm for Mahindra’s first EV, due to cost.

Like most car Mahindra sees EVs as being the of driving. And while that may be another 10 years away, hopes its first mover will give it an edge competitors looking to develop the technology.

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Mahindra shares on the Bombay Exchange are down 9.91% to date, but are outperforming rival Motors Tata Motors which is down 17.76% to date.

Stock Performance Of EV Auto Makers

A random at some of the year’s best, and stock picks of the EV producing makers year-to-date ending 5, 2013.

Tesla Motors:

Nissan: +19.35%

Toyota:

General Motors: -7.71%

BYD -7.08%

Mahindra Mahindra:

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