Mahindra & Mahindra strikes deal with Uber to supply electric cars

Uber
Image credit: e2oplus & e-Vertio

Looks like integrating electric vehicles is a top priority for ride-hailing apps – Ola and Uber in India post the government emphasis on making diesel/petrol free roads by 2030. After partnering with Ola, automobile major Mahindra & Mahindra will be partnering with Uber to supply electric cars on later’s fleet.

Mahindra will deliver hundreds of e2oPlus hatch and the eVerito sedan to Uber across several cities in the country.

“Our collaboration with Uber is an important step to help accelerate the large-scale adoption of electric vehicles on shared mobility platforms and meet the nation’s vision for EVs,” M&M Managing Director Pawan Goenka told PTI.

Under the partnership, M&M will supply its electric cars to Uber’s partner-drivers at competitive prices, attractive financing and insurance premiums including comprehensive maintenance packages from the company and its associates.

Additionally, Mahindra and Uber will also help public and private players which are in the process of setting up a common use charging ecosystem across multiple locations in the cities. M&M will also train drivers to understand crucial facets of electric cars.

A quick look at key developments in e-vehicle space

Tata Motors is also introducing Nano Electric cars in Delhi in collaboration with Ola Cabs which will add the electric cars to its taxi fleet in the national capital by this month.

Last month, M&M announced a partnership with Ola to supply 40,000 cars in two years and generate a revenue of Rs 2,600 crore for the automobile manufacturers.

In the same month, the company won a contract to supply 10,000 electric vehicles to Energy Efficiency Services Limited (EESL). It’s slated to deliver 150 EVs to EESL in phase I by November 30.

In May, Ola had launched a pilot project with more than 50 charging points across four locations in Nagpur at an estimated investment of Rs 50 crore. It also launched an electric fleet of 200 electric vehicles, including taxis, buses, e-rickshaw and autos in Nagpur.

Meanwhile, India’s leading business groups Reliance, Adani and Hero are making plans to foray into, battery manufacturing, and battery pack assembly. Maruti Suzuki will also plant a factory in Gujarat to use India as a key global manufacturing base for selling the electric vehicle in India and abroad.

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