Friday, September 27, 2013

Electric Cars for Hire in India

The Mahindra Reva e20.
Mahindra Reva Electric Vehicles Pvt. has formed a partnership with Carzonrent (I) Pvt. offering electric cars for hire in New Delhi, Mumbai and Bangalore from Oct. 1.
No need to return these with a full tank of gas.
Just five Mahindra Reva e2o electric cars will initially be available for hire in each of the three cities. The car, which is powered by lithium-ion batteries and an electric motor, has a driving range of 100 kilometers, or 62 miles, on a full charge of five hours. It has a top speed of 50 miles an hour.
Carzonrent Chief Executive Rajiv Vij said it will cost 200 rupees ($3.20) to rent an e20 car for two hours or 800 rupees for a day. “The cost of renting a mid-size car is significantly higher and one has also to separately bear the cost of buying fuel, which is not the case with the e20,” Mr. Vij said.
In a joint statement, the companies said demand in India’s self-drive market is growing as roads improve, chauffeurs become more expensive, and navigation gadgets are more widely available.
“Induction of e2o into the self-drive fleet has been undertaken to capture this huge potentially untapped market and make it cost-effective for the consumers,” the companies said.
Mr. Vij said he expects strong demand for hiring electric cars as awareness grows about their lower operating costs and environmental benefits. “We will definitely be increasing the fleet of e20 cars,” he said.
He added that around 100 charging points will be provided free-of-charge to e2o rental customers in Delhi, as well as Mumbai and Bangalore.
Founded as Reva Electric Car Co. in 1994, the Bangalore-based auto maker is majority owned by Mahindra Group, whose businesses span from software to defense and real estate.
Mahindra Reva says it has sold more than 4,500 vehicles in 24 countries. The company hasn’t disclosed its sales figures for India.
The National Electric Mobility Mission Plan said in January the Indian government needs to invest 130 billion-140 billion rupees over the next five to six years in areas such as charging infrastructure and research and development to encourage sales of electric vehicles.