You are here: Home » News-IANS » Business-Economy
Business Standard

M&M joins Uber to deploy electric vehicles in Indian cities

IANS  |  Mumbai 

Mahindra and Mahindra (M&M) on Friday said it will collaborate with ride-hailing company Uber to deploy electric vehicles (EVs) on Uber's platform in several cities across India.

The companies will deploy hundreds of EVs in New Delhi and Hyderabad to begin with, the automobile major said in a filing to the BSE.

According to the company, its EVs on the Uber platform will include the "e2oPlus" hatchback and the "eVerito" sedan.

"As part of this collaboration, both the companies will also explore deployment of Mahindra electric vehicles to other cities," the BSE filing said.

It added that over the years, there has been a strong deployment of Mahindra vehicles on Uber's platform and Mahindra is also a key financier for Uber's driver partner through Mahindra Finance.

"Electric vehicles adoption is clearly gaining momentum in India. As the pioneers of EVs in the country we would like to be at the forefront, leading this change towards smart and sustainable mobility," said Pawan Goenka, Managing Director, M&M.

The company said through this collaboration, driver partners on the Uber app can avail of a package which will include Mahindra EVs at competitive prices, attractive financing and insurance premiums as well as comprehensive maintenance packages from Mahindra and its associates.

"We see a key role for high efficiency vehicle technologies, and therefore believe that this collaboration with Mahindra will be truly beneficial not just for Uber but for our driver partners, riders and the cities we operate in," said Madhu Kannan, Chief Business Officer, Uber India and Emerging Markets.

--IANS

ppg/rn

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, November 24 2017. 15:08 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU