Droom partners Mahindra, others for electric vehicles

Online automobile e-commerce platform Droom has partnered with players like Mahindra and Hero Electric to bring electric vehicles on its platform, a top company official today said.
The electric scooters (available on the Droom platform) are priced between Rs 20,000-42,400, while the electric cars are priced in the range of Rs 8-13 lakh.
Other partner brands include Okinawa Scooters and Yobykes.
"The launch of this category is in line with the Indian government's focus on electric vehicles, keeping in mind their environmental benefits, contribution in reducing the economy's spends and their long-term cost effectiveness," Droom founder and CEO Sandeep Aggarwal told PTI.

As a promotional scheme, Droom will offer 100 per cent cashback on the booking amount for all new bookings of electric vehicles, he added.
"We have close to 1.32 lakh active listings already. We have 670 electric vehicles listed with us. The number is bound to increase as more and more OEMs will be launching electric vehicles in the future," Aggarwal said.
For now, the commission rates for Droom for electric vehicles is the same as petrol or diesel vehicles, he said adding that it believes slightly higher commissions can be charged in the category.