M&M’s electric cars on Uber’s platform would include the e20 Plus hatch and the eVerito sedan. Uber’s driver partners will be able to avail of a package, which would include Mahindra EVs at competitive prices, attractive financing, and insurance premiums, along with comprehensive maintenance packages. To make this model sustainable, M&M and Uber will work closely with public and private players that are in the process of setting up a common use charging ecosystem across multiple locations, M&M said in a statement.
M&M, the largest domestic player in the EV segment, has about 4,000 electric vehicles plying on Indian roads. The company has invested Rs 500 crore in the EV business, and plans to pump in another Rs 600 crore in the next two to three years.
“Our collaboration with Uber is an important step to help accelerate the large scale adoption of EVs on shared mobility platforms and meet the nation’s vision for EVs,” M&M Managing Director Pawan Goenka said.
M&M had earlier tied up with home-grown cab aggregator Ola for supplying electric vehicles.