Mahindra & Mahindra to make an electronic sports car like Tesla for the Indian market

  • M&M is studying the possibility of developing an electric sports car like Tesla, with the Indian buyer in mind.
  • If the sports car idea passes the feasibility test, then Mahindra will aim to sell it upwards of Rs 25 lakh.
  • Mahindra Electric has also been trying to project its image as an electric vehicle maker.
  • Building a high performance sports car with a long driving range can have a rub-off effect on not just Mahindra Electric’s portfolio, but the entire electric car segment.
  • M&M’s focus will now be on reducing the cost and having a longer driving range to make its product viable for the prospective buyer.
  • The company which is already at an advanced stage of developing an electric SUV, is expected to hit the market after 2018-2019.
Source: http://bit.ly/2mktFHj

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