Mahindra Reva a part of Mahindra Group has launched its new generation electric vehicle on Monday called e20 for Rs 5.96 lakhs. The car is equipped with a 48-volt lithium ion battery and offers an incredible mileage of 100 km per charge.
Mahindra and Mahindra President, (Automotive and Farm Equipment Sector) Pawan Goenka said, ‘’electric vehicles today are a symbol of clean and green driving and the company is keen working on an epic research and development in this area and upgrade this technology to a new level.
‘’We sincerely hope that the electric segment will deliver support and incentives from every Government agency that will support this journey of offering clean mobility solutions.’’
The e20 is designed to offer convenience and reliability with an electric plug of 15 amp which can be plugged at home or workplace. The plug can be also charged with the aid of Sun2Car solar technology said the company.
Te electric car will be manufactured at the established Mahindra Reva factor in Bangalore which has an impressive production capacity of 30,000 cars per annum.
Mahindra and Mahindra on Monday announced the launch of the four-seater car the e20 at an initial price of Rs. 5.96 lakh. According to Anand Mahindra, Mahindra Group Chairman to reporters, ‘’the launch of the e20 is a representation of an important milestone for the Mahindra Group. This is not only about selling a car but also a step towards a change in lifestyle. We are working towards an ecosystem which is inclusive of mobility solutions together with other environment-friendly innovations.
The group is also keen to extend the electric technology of clean and green environment to its two-wheelers.
Pawan Goenka President (Automotive and Farm Equipment Sector) said, on sales performance for the e20 said, ‘’sales of 400-500 vehicles a month would be profitable for us. We expect Delhi to be the largest market with around 150-200 units.’’
The e20 is the first car from Mahindra after the launch of the launch of Reva Electric Car three years ago. The other features of the car is remote emergency charge which is activated through mobile application, GPS navigation system, keyless entry and regenerative braking feature which can refit the energy into the car’s batteries and the battery can be charged every time the car slows down or brakes are applied.
In Delhi, we receive a 15% subsidy on base price called VAT which is 12.5% refundable and the road tax is reduced to 2% according to information from Chief Executive (Automotive Division and Member of the Group Executive Board) Pravin Shah said.’’
The e20 will be introduced in chunks in India. The first part of the launch will be in eight cities. The prices will differ based on Government state subsidy provided to the electric car. The company aims to export the electric car to Europe in six to nine months.
The e20 is designed to offer excellent mileage, for those who are keen on preserving chunks of money, the e20 is a worthy buy for its advanced technology at Rs 5.96 lakhs.