Mahindra & Mahindra is soon going to launch the electric versions of its popular SUVs Scorpio and XUV500. According to reports, Mahindra & Mahindra will be investing Rs 300-400 crore to bring out the Electric Variants of its popular SUVs Scorpio and XUV500.
It was also reported that Mahindra’s electric division, that was formerly called Mahindra Reva, but has now been christened as Mahindra Electric will be working on the project to bring out the electric variants of the Mahindra Scorpio and Mahindra XUV500.
Electric variant of Mahindra XUV500 and Mahindra Scorpio
It was reported that Mahindra & Mahindra has so far been the pioneer in the segment. Mahindra & Mahindra claims to be the only automaker in the country to have an electric car in the market. With the announcement to bring out the electronic variants of its popular SUVs – Scorpio and XUV500, the company is poised to take the matter of electrification of cars in the country to a new level.
The most popular SUVs in the brand’s product portfolio – Mahindra Scorpio and Mahindra XUV500, are all set to get electric versions soon. The company has plans to invest a capital of Rs 300-400 crore to bring out the electric variants of the Scorpio and XUV500.
Electric variants of other models launched
It was reported that Mahindra & Mahindra has already launched electric variants of its other cars. The cars that already have an electronic variant on the product line include Mahindra Verito and Mahindra Supro mini van.
Mahindra Electric will be developing the powertrain for the electric variants of the Scorpio and XUV500 but it was reported that Mahindra & Mahindra is looking for partners for the development of EV related tech.
The electric vehicle revolution
EVs are being embraced the world over and with such a change that is being implemented across the globe, it appears, that slowly but steadily electric vehicles will be a mass selling product in the world.
One of the major challenges to make the electric variants a mass selling product is the cost of these vehicles. According to a report, the price of the electric variant of the Scorpio and XUV500 is expected to be considerably higher than the petrol and diesel variants of these SUVs by Mahindra. The electric Scorpio is expected to carry a price tag of Rs 12 lakh whereas the electric variant of Mahindra’s premium SUV – XUV500 is expected to be priced at about Rs 15 lakh.
According to reports, India does not have the infrastructure to support EVs on a mass scale. Roughly, for electric vehicles to start plying on Indian roads, will take some two-three years. Once the EVs start offering a range of 150-200 km per charge, there are chances for the electric vehicles to pick up fast in India.
Source: Financial Express