Uber has partnered with Mahindra & Mahindra Ltd to rollout electric vehciles (EVs) in India, starting with Delhi, and Hyderabad. Speaking on collaboration Dr. Pawan Goenka, Managing Director, Mahindra and Mahindra said, "As the pioneers of electric vehicles in the country, we would like to be at the forefront, leading this change toward smart and sustainable mobility solutions".
Both companies plan to expand the deployment of electric vehicles to several other cities, in the long term. Our collaboration with Uber is an important next step to help accelerate the large scale adoption of EVs on shared mobility platforms and meet the nations vision of EVs, " said Goenka.
The tie-up closely follows the recent tie-up between Tata Group and Jayem Automotives to deploy EVs in New Delhi through Ola, Uber's rival.
The alliance envisages supply of Mahindra's electric vehicles, financing of the vehicles from Mahindra Finance, as well as insurance, maintenance and other services to ensure a viable proposition for Uber's driver partners, the firms said in a joint statement.
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In 2016-17 electric auto sales in India stood at 2,000 units, accounting for a meager 0.07 percent of total passenger vehicle sales (3,046,727 units).
Indian automobile manufacturer Mahindra and Mahindra has partnered with fleet operator Uber in India to offer electric vehicles (EVs) on the latter's platform. However post the execution of 10000 vehicle orders, the market will nearly triple. Mahindra Finance continues to be a preferred financier for Zoomcar and Mahindra Electric for EV financing.
The government of Telangana, which is awaiting clearance from two departments, is likely to announce its policy on electric vehicle by the end of December, senior Jayesh Ranjan said here on Thursday.
Mahindra has plans of ramping up capacity to 5000 units a month of EV production from 500 units now.