Indian Automobile giants Mahindra & Mahindra are all set to deliver three new variants of high-performance electric cars by 2020.
Mahindra & Mahindra will offer three new high-performance electric cars by 2019-20, according to a report in the Times of India.
On the sidelines of a seminar on electric vehicles at the Norwegian Embassy in Delhi, Mahindra Electric Mobility C.E.O. Mahesh Babu confirmed that they will have three new products in the EV segment, which will be high-performance vehicles.
The three new cars will have top speeds of 186 kmph (kilometres per hour), 150 kmph and 190 kmph. And will go from 0-100 kms in 9, 11, and 8 seconds respectively. The range for these cars would be 350 km, 250 km, and 300 km.
The automobile majors observed that under “the leadership of Indian Prime Minister Narendra Modi”, India is endeavouring to rapidly promote an automotive transition to EVs.
“India surprisingly took a very bold step declaring what would happen by 2030 that changed the scenario in the last six months,” Babu said while highlighting that the key challenge for the government lies in creating an EV ecosystem which includes a robust charging infrastructure,” Mahesh Babu told TOI.
Mahindra, which is otherwise popular for its range of SUVs (sports utility vehicles) currently has in its EV stable four vehicles– the e2o (hatchback), eVerito (sedan), eSupro (mini-van) and eAlfa mini (rickshaw).
Meanwhile, compact electric versions of SUV, the KUV100, will be rolled-out factory in next couple of years, while the other two new EVs will from the SUV and crossover segments.
“The company is also working at making charging faster. What would take 1-1.5 hours earlier would now take about 40 mins. For a full charge the e2o currently takes about 5 hours,” Babu said.
On Wednesday, auto major Tata Motors rolled out the first batch of the electric variant of its compact sedan Tigor from its Sanand facility in Gujarat.
The first batch of e-Tigors are being produced for the Energy Efficiency Services (EESL). They had placed an order for 10,000 electric sedans in October. These are part of the first 350 orders that the company had won in the first phase.
Tata Motors won the tender of 10,000 electric cars floated by EESL in September 2017. For the first phase, Tata Motors is in requirement to deliver 250 Tigor EVs.
Currently, e-vehicles in India are expensive because of the costly lithium-ion batteries. The price of e2o, for instance, starts at Rs 7.46 lakh (ex-showroom).
However, Mahindra believes that by 2020 battery costs will substantially come down. Further making it possible to offer electric cars at a cheaper price.
As the government pushes for electrification of transportation, companies such as Mahindra and Tata are likely to have a first-mover advantage.