The Price takes into account the benefits under the government’s Faster Adoption and Manufacturing of Hybrid and Electric vehicles at India program or Fame Two
The Mahindra eKUV offers a peak output of 40kw plus a torque of 120Nm and a working-class of 150 kilometers on a single control
Greater Noida: Mahindra & Mahindra Ltd (M&M) on Wednesday, at the Auto Expo, found India’s cheapest electric auto, eKUV, at an opening price of $8.25 lakh (ex-showroom).
The cost label takes into account Manufacturing of Hybrid and Electric vehicles and the benefits under the government’s Faster Adoption at Fame 2 or India plan.
The Mahindra eKUV offers a torque of 120Nm plus a peak output of 40kw. The automobile, positioned for fleet and commercial software, will offer a range of 150 km on a single charge. The company stated the electric vehicle (EV) will come equipped with a quick charging feature together with the ability to charge around 80 percent of its battery in under 60 mins.
Company officials stated the eKUV will come with an automatic transmission and related many automobile features.
The company said it will establish the variant of its popular sports utility vehicle XUV300, the eXUV300, by half of the next fiscal.
In the Auto Expo, M&M also showcased Atom, another EV along with its Funster notion, which is an electric car with a roof.
Pawan Goenka, managing director, M&M said, “that the Funster notion was conceived and designed by our own design department in our Mumbai based facility.”
M&M, which has been prioritizing electric and connected vehicle technologies moving forward, will invest $15,000 crore over 3 years across tractors and passenger and commercial vehicles.
“We have spent $1,700 crore on the development of electric vehicles until now. We are buying another $500 crore in an R&D unit for EVs in Bangalore and also a new (battery and other EV components) plant in Chakan near Pune,” said Goenka.
“Common mobility will induce substantial scale adoption of EVs and we intend to provide the widest assortment of EVs with worth as the guiding factor,” he added.
The business said it has fully localized its electric Treo where lithium-ion cells have been imported. The business executive quotes that Treo could drive higher adoption of EVs in the three-wheeler section going forward, with 50% of all three-wheelers offered in India going electric in the subsequent decades.