Looking at cost-saving steps for e-Verito for EESL order: M&M

Mahindra and Mahindra (M&M) is looking at various cost reduction measures, including lowering driving range of its electric car e-Verito, in order to be price competitive to supply electric cars to EESL.

M&M coupled with Tata Motors are the only two companies selected by state-owned Energy Efficiency Services Ltd (EESL) to supply 500 electric cars in the first phase.

Under real-world conditions, the e-Verito can cover 140 km with a single charge.

At present, the cost of M&Ms electric vehicle is over Rs 2 lakh more than that of Tata Motors.

“One area that we have potentially identified is that the range we have designed our vehicles for is more than what is required in the tender,” M&M Managing Director Pawan Goenka told.

Last week, Goenka had said it would be difficult for M&M to participate in the second phase of the tender, saying it would lose money with the present cost structure.

(Agencies)

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