Following the launch of the e2o electric car, Mahindra & Mahindra is all set to launch the electric version of its entry-level saloon, the Verito, within a year.
It will be powered by Reva's electric powertrain, and will produce 29 kW (38.9bhp). The battery pack will around take six hours for a full charge, which will give a claimed range of 100km. A quick charge can also be done in a little over an hour.
M&M is investing about ₹150 crore to develop electric versions of two of its other vehicles, the Gio and Maxximo, as well.
Speaking about the company's plans for electric vehicles, Pawan Goenka, president of automotive and farm equipment sectors, M&M, said, "We will be using the electric vehicle technology on some of our existing products. We are almost ready with the electric Gio and Maxximo, and we have also developed a prototype for the electric Verito."
He also added that the company has kept a fleet of 50 electric Maxximos ready, and these will be launched after assessing the response to the recently launch Mahindra e2o.