Latest Car News in India

Thursday, January 10, 2013

By Manoj Kumawat

Mahindra E2O nears launch as gov announces National Electric Mobility Mission Plan 2020

This car has been tested frequently. It has been spied a lot. It has picked a name recently. But it is not yet launched. Yes, it is the Mahindra Reva NXR that is now called as Mahindra e2O which is the first electric car of India. Now that the National Electric Mobility Mission Plan 2020(NEMMP) has finally arrived, this electric car is now just inches away from its launch. Mahindra is reportedly assessing the repercussions of the NEMMP and its impact on the pricing of the components and other parts and will soon be declaring the launch date of Mahindra e2O. As per the information, it is believed that it is now just weeks away. Though there is no official announcement of the launch as of yet.
 

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It is said that the NEMMP has come out to be very conducive to the electric and hybrid cars and the government has doled out various subsidies for car makers that develop such cars in the country. Another big milestone that the policy has set is that it wishes to cut the liquid fuel consumption by over 2.2 million tones in the next eight years. The policy has also showered subsidies in the design and development of electric and hybrid cars. Notably, Mahindra is the single car maker that is using micro Hybrid technology in most of its SUVs such as Mahindra Scorpio, Mahindra XUV 5OO and Mahindra Quanto and it is this car maker that is coming up with the E2O electric car. Other cars such as Toyota Prius and Honda Civic and Porsche Cayenne also have their hybrid variants available.
 

Reva NXR Pictures

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As per the policy Indian government and auto industry will be investing over 22k crore till 2020 in achieving the targets set by the policy. Meanwhile, now that the policy is in and its guidelines are clear as well as the subsidies and other details, Mahindra will be launching the E2O in the next few weeks. The price of the car is expected to be between Rs 5 lakh to Rs 6 lakh and the second innings of the first electric car of India will begin soon. Reva has no competition as of yet but as the policy has arrived there could be some unexpected launches on cards of some car makers.

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