HOME > BUSINESS > AUTO > Uber to deploy Mahindra electric cars in India

Uber to deploy Mahindra electric cars in India

Mahindra & Mahindra said Uber, the taxi company, will deploy ‘hundreds of electric cars’ from the company in Delhi and Hyderabad. The partnership will gradually be expanded to other cities, it said.

Mahindra’s electric vehicles on the Uber platform will include the ezoPlus hatch and the eVerito sedan.

“As part of this collaboration, both the companies will also explore deployment of Mahindra electric vehicles to other cities. The joint deployment of electric vehicles will further reinforce the strong relationship between Mahindra and Uber,” the Indian auto major said.

Drivers on Uber will get a package which will include Mahindra electric vehicles at competitive prices, attractive financing and insurance premiums as well as comprehensive maintenance packages from Mahindra and its associates.

However, the key challenge for EV adoption in India has been charging stations. These will be even more crucial for taxis, which travel hundreds of kms per day, and would need to be recharged at least a couple of times on busy days.

Some players like Tata Power are already engaged in creating charging stations in major cities.

Mahindra said it will work closely with public and private players who are in the process of setting-up a common use charging ecosystem across multiple locations in the cities.

Mahindra will also support with driver education and training related to various aspects of electric vehicles.

“Going forward, electric vehicles will play a major role in reducing urban pollution plaguing several Indian cities and resulting in health hazards. With the increased penetration of EVs and eventual 100% transition, the country and its citizens stand to benefit tremendously,” it said.

With a strong portfolio of value-for-money automobile offerings, Mahindra has had a substantial presence in Uber’s portfolio of cars.

Moreover, the group also has a vehicle financing arm that has been instrumental in helping many drivers sign up on Uber with their own cars.

The move comes in the wake of strong pressure being applied by the government to get vehicle makers to diversify into EVs.

Speaking on the collaboration, Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Ltd. said, “Electric vehicle adoption is clearly gaining momentum in India. As the pioneers of electric vehicles in the country we would like to be at the forefront, leading this change toward smart and sustainable mobility. Our collaboration with Uber is an important next step to help accelerate the large scale adoption of electric vehicles on shared mobility platforms, and meet the nation’s vision for EVs”.

The Mahindra Group is a USD 1.9 billion federation of Companies.

It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume.

It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.

Follow ULTRA.news
Tata Power starts expanding Mumbai EV charging network Mahindra e2o Plus | Mahindra & Mahindra As part of its efforts to set up a city-wide network of electric vehicle charging stations, Tata Power announced that it has set up two more electric vehicle charging stations in Mumbai, its first on third-party compounds. The two ch...
Mahindra enters Potato planter segment with Dewulf tie-up Mahindra & Mahindra Ltd said it has agreed to license technology and the brand from Belgium-based agricultural equipment maker Dewulf to make potato planting machinery in India. Dewulf is the world’s leading full-liner in potato and root crop machinery and has three manufactu...
XL Catlin to buy 20% of Mahindra Insurance Brokers Mahindra Finance said global insurance major XL Group will take a 20% stake in its subsidiary Mahindra Insurance Brokers Ltd, including the 15% currently held by LeapFrog Financial Inclusion Fund. "XL Group will help support MIBL’s endeavours to increase insurance awareness a...
Mahindra Financial Services to raise 2,250 cr via share sale Mahindra and Mahindra Financial Services said the company board has approved a proposal to raise up to Rs 2,250 cr by selling shares or instruments convertible to shares. It said a Securities Issue Committee has been set up to undertake decisions in relation to the proposed i...
Mahindra reports strong auto sales for August, SUV sales up 7% Mahindra & Mahindra Ltd, one of the biggest Indian automakers, reported stronger sales for its SUVs. Total utility or SUV sales for the company came in at 18,225 units, up 7% from 17,119 in August last year. With this, the company has been able to post a growth of 2% in SUV...
Tata Power to set up electric vehicle charging stations in Mumbai Tata Power announced its plan to set up electric vehicle charging stations across Mumbai, and has set up the first one at its compound in Vikhroli. "These chargers would facilitate electric car users to charge their cars (Battery Electric Vehicles such as the Mahindra e2O, Nis...
Mahindra launches fuel-efficient van under Jeeto brand to take on Maruti Suzuki Omni Automaker Mahindra & Mahindra launched a new minivan based on its Jeeto platform, priced at Rs 3.45 lakh before taxes. At the price, the van is likely to appeal to semi-commercial users, such as schools, institutions and shops. The company already has a similar offering on its...
Mahindra Finance to raise Rs 2,000 cr via debentures Non-banking financial services company Mahindra & Mahindra Financial Services said it plans to raise Rs 2,000 cr by issuing debt instruments to the public. The non-convertible debenture issue will open on July 10. The NCDs carry a rating of IND AAA from India Ratings and BW...
ISRO offers space tech to electric vehicle makers in India Indian Space Research Organization could soon help Indian e-bikes overcome their biggest drawbacks -- low mileage per charge and limited speed. Costing between Rs 35,000-50,000, most of these bikes have a top speed of 25 km per hour and a range of 30 to 50 km per charge. Th...
Mahindra opens spare parts warehouse in Mahindra World City, Jaipur Mahindra & Mahindra Ltd said it opened a spare parts warehouse in Mahindra World City, Jaipur. "It is one of the largest warehouses in the country and the company’s first in northern India, it will cater to the requirement of Mahindra customers in north and north western reg...
Mahindra & Mahindra launches “eSupro” electric vans at 8.5 lakhs Mahindra & Mahindra said it launched its "eSupro" electric vans. There will be two models -- cargo and passenger. The cargo vans are priced at Rs 8.45 lacs while the passenger variant is priced at Rs 8.75 (both Delhi ex-showroom price). The eSupro platform will cater pr...
Mahindra invests in online agri-retail start-up Merakisan.com Mahindra & Mahindra´s agri solutions company Mahindra Univeg Pvt Ltd. said it has invested in Merakisan PVt. Ltd., an agri e-commerce start-up. Mahindra Univeg Pvt Ltd. is a 60:40 joint venture between Mahindra Agri Solutions Ltd. and and Belgium based Univeg (Greenyard Fo...
Mahindra & Mahindra raises Rs 475 cr via debentures Automobile manufacturers Mahindra & Mahindra Ltd. said it raised Rs 475 crores via non-convertible debentures on private placement basis with a tenure of 10 years. The face value of the 7.57% debentures are Rs 10,00,000 each. Mahindra & Mahindra is an Indian multina...
Ola offers taxi rides at just Rs 3 per km in Mumbai in share cabs Ola Cabs, the desi competitor to the Uber, has cut its starting share cab price to Rs 3 per km in Mumbai for morning and evening commute. The fare makes it competitive against share cabs operated by black and yellow taxi operators in the city, who charge Rs 5-10 per ride. The ...
M&M seen holding SUV, tractor market share despite rising competition- CRISIL Mahindra & Mahindra Ltd is likely to maintain its market position in its core SUV and tractor markets despite the entry of new competitors, ratings company Crisil said. "Cost-efficient operations, development skills, broad product portfolio, and increased production ca...
After Uber, Ola offers bike taxis at Rs 2 per km On the same day as Uber made announcement, rival Ola said it too will offer bike taxis in Bangalore. "Bike Taxis on the Ola app will help customers zip through traffic with ease, at lowest fares," the company said. The fare will be Rs 2 per km plus Rs 1 per minute of trip t...
Mahindra Finance gets Mutual Fund license, to focus on rural markets Mahindra Finance said it has received a license to operate Mutual Funds via its subsidiary Mahindra Asset Management Company. Mahindra Finance is currently engaged in vehicle financing, and is part of the Mahindra Group. It plans to tap into its existing network of dealers and...
M&M introduces smaller diesel engine for Delhi region Mahindra & Mahindra announced the launch of its mHawk new 1.99 litre diesel engine, which could help the company overcome the impact of a recent Supreme Court decision on diesel car sales. The Supreme Court had, a month ago, banned the sale of cars and SUVs with engines bi...
Delhi High Court pollution order to affect some models – Mahindra & Mahindra India's biggest sports utility vehicle maker said the Delhi High Court's order banning the sale of diesel vehicles with engine sizes over 2 liter could hit its sales by about 2%. "Honourable Court's order today affects the sales of some of the Company's products in NCR. Th...
Honda Mobilio sales down by almost 90% in November Honda Cars India Ltd, a unit of the Japanese auto giant, reported a decline in car sales for November as Mobilio sales fell by nearly 90%, bucking the trend of overall positive numbers from other players. Earlier in the day, Maruti Suzuki and Mahindra & Mahindra report...