Indian automaker Mahindra and Mahindra Ltd. will be launching an electric version of its Verito Sedan next year. EV technology made by its subsidiary Reva will be used in the e-Verito, said Ravindra Shahane, senior general manager, marketing, automotive division of Mahindra.

"There are some challenges in the electric car market which need to be addressed before we can come out with the electric version of Verito. We hope to launch it next year," Shahane told The Hindu BusinessLine and other media during the launch its Verito Vibe compact car.

Shahane was likely referring to the Indian government recently ending federal subsidies that lowered purchase prices for consumers. As is the case in Europe and North America, automakers in India are struggling to build the right amount of EVs that are likely to sell in the marketplace.

This year, Mahindra Reva is launching its E20 electric microcar. The automaker hopes to sell 30,000 E20 units by 2015-2016, with half of them being exported. These cars are being built at its recently-opened Bengalaru factory, which can produce up to 30,000 units a year. Mahindra can build 3,000 units a month of its Verito Sedan and Vibe at its Nashik unit in Maharastra. Mahindra sold nearly 15,000 Verito Sedans last year. 3570|3575|11469|


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    • 1 Second Ago
  • 10 Comments
      Giza Plateau
      • 1 Year Ago
      It lacks a bit of spirit
      goodoldgorr
      • 1 Year Ago
      Can somebody explain to me this article. it's not an article but it is a headache. No date, no data, nothing to sell now, no specifications, no place, no numbers, etc. But maybe it's a prayer from somebody that is tire and is debilitating now with dreams.
      bluepongo1
      • 1 Year Ago
      That will fill the void left by Coda..... for folks who do no research. :-P
        Actionable Mango
        • 1 Year Ago
        @bluepongo1
        Mahindra is nothing like Coda. They've been around for 70 years and have about 6 billion dollars in revenue. They make everything from motorcycles to heavy trucks and military vehicles.
          bluepongo1
          • 1 Year Ago
          @Actionable Mango
          @ Marco BTW I looked into your bunker oil shipping and found that the only ships that regularly use it travel back and forth between India & China. Hey!! this company is from India ; I'm sure they build a quality, environmentally responsible product!! (9_9)
          Marco Polo
          • 1 Year Ago
          @Actionable Mango
          @ bluepongo1 They've also built a lot of EV's, and some very innovative agricultural machinery.
          Marcopolo
          • 1 Year Ago
          @Actionable Mango
          @ bluepongo1 99.6 % of all commercial shipping over 1000 tonnes, use No 6 Marine grade fuel, (bunker oil ). There are very few who don't. (about 400 out of 100,000) !
          bluepongo1
          • 1 Year Ago
          @Actionable Mango
          @ Marco 99.6 % of internet quotes & statistics can't be true - Abraham Lincoln ........ Not even a wiki to back that up, let alone that libel you wrote about Tesla using those ships.
          bluepongo1
          • 1 Year Ago
          @Actionable Mango
          That doesn't mean they know how to innovate and build an electric vehicle that fills a niche.
      bluepongo1
      • 1 Year Ago
      Tech news: http://www.technologyreview.com/view/515921/mobile-summit-2013-cornings-gorilla-glass-is-coming-to-cars-next/ <&> http://www.carbonfibergear.com/bubbly-carbon-fiber-trike-concept/ :-)