Mahindra electric car price: Mahindra e-KUV priced below Rs 9 lakh, first quarter launch FY21: Pawan Goenka | Business News in India
Pawan Goenka, MD, Mahindra & Mahindra Ltd, said: âThe price of the e-KUV will be less than Rs 9 lakh. The electric car will be presented at the next Auto Expo 2020 and is expected to hit the market by then the first quarter of 20-21 fiscal year. ”
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âWith the entry into force of the BSVI emission standards, the prices of combustion engine vehicles will become high. In the next two years, the focus will be on shared mobility for electric vehicles. 35% of the kilometers traveled in 2030 will be in shared mobility and half of this should be on electric vehicles, âsaid Goenka.
Hyundai launched the Kona electric SUV at Rs 25.3 lakh (ex-showroom, Delhi) earlier in 2019. Morris Garages (India) Motors and Tata Motors are all set to remove covers for upcoming ZS EV electric SUVs and Nexon EV, respectively. The prices of the two electric vehicles are expected to be around Rs 18-22 lakh (ex-showroom).
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âWe are delighted to cross the milestone of 1,000 Mahindra EVs and 100 million electric kilometers with Lithium. Going forward, Mahindra’s expanding portfolio of three- and four-wheel electric vehicles in multiple price ranges will transform the way India travels, âGoenka says.
The automotive major will be showcasing its entire line of three- and four-wheel electric vehicles at Auto Expo 2020. Details and specifications of the e-KUV will be revealed at Expo. Mahindra aims to launch the electric SUV based on the XUV300 in 2021, Goenka said.