Mahindra & Mahindra Ltd. will provide hundreds of electric vehicles to ride-hailing giant Uber Technologies in India as the nation's third-largest carmaker continues its efforts to shift towards battery-powered vehicles.
“Mahindra's electric vehicles on the Uber platform will include e2oPlus hatch and the eVerito sedan,” the companies said in a joint statement today. The partners will start with Delhi and Hyderabad. They didn't give a timeline for the rollout.
The collaboration will allow driver partners on the Uber's applications to avail of M&M's vehicles at lower prices with “attractive financing and insurance premiums”. They will also get maintenance packages from Mahindra and its associates.
Among India's carmakers, Mahindra's has been the most enthusiastic in the shift towards electric vehicles. It has already collaborated with self-car rental startup Zoomcar by providing a rollout 20 e2oPlus vehicles in Mysuru, Karnataka. In October, M&M also matched Tata Motors Ltd.'s bid in the first phase of a government contract to supply 10,000 electric sedans. The tender was part of Prime Minister Narendra Modi's administration's target to turn all vehicular transport electric by 2030.
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Mahindra has been providing vehicles for Uber over the last few years and is also one of the key financiers for cab aggregator's driver-partners through Mahindra Finance, the statement said.
Our collaboration with Uber is an important next step to help accelerate the large-scale adoption of electric vehicles on shared mobility platforms, and meet the nation's vision for electric vehicles.Pawan Goenka, Managing Director, Mahindra & Mahindra
The partners will work closely with public and private entities setting up a common-use charging ecosystem and educate drivers on various aspects of electric vehicles.
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