Mahindra and Mahindra is the only company which has been working, the most on ELECTRIC POWER vehicles. The company is now looking further to introduce some other modelslike the XUV 500 and Mahindra SCORPIO.
The electric vehicle department of Mahindra and Mahindra, Mahindra Electric which was earlier known as Mahindra reva, will be working on the two most popular model XUV 500 and SCORPIO into electric vehicle. Certain resources even claimed that the investment of company will be around ₹300-₹400 crore in this project.
Chances are that the price of these models might be higher that of petrol and diesel one. Mahindra Electric may take couple of years for introduction of electric cars.
The Scorpio once launched may get the price tag of ₹12 – ₹15 lakh at showroom while XUV 500 may get the price tag of ₹15 – ₹17 lakh at showroom.