Tuesday, February 18, 2014

Mahindra Reva considers exporting the Verito Electric

Mahindra Reva had showcased the facelifted Verito Electric sedan at this year’s Auto Expo. While the model shown was production ready, the company has no immediate plans to launch it in the Indian market, but does have production plans.
M&M can turn the Verito Electric production ready in six months but will not launch in India due to lack of government incentives.
Though Mahindra has maintained that the Verito Electric is production ready, the company has shied away from launching it due to the non announcement of subsidy by the government of India for electric and hybrid vehicles.
At a press conference in Mumbai to announce the company’s Q3 results, Dr Pawan Goenka, President of the Automotive and Farm Equipment Sector, Mahindra & Mahindra, commented that the prevailing conditions in India and lack of government incentives make such electric cars expensive.
M&M could look at lucrative international markets and export the spacious car which can be positioned as an ideal taxi. The car can be ready in about six months’ time, said Dr. Goenka.
So in six months, India will pull the foreign market, the first electric car manufactured only for export  with financial support from the state