News – Auto: M&M to launch Electric Verito sedan in next two years

Auto major M&M plans to leverage from its acquisition of Reva Electric Company to expand its product portfolio   
·        Indian automobile company Mahindra & Mahindra (M&M) is planning to introduce electric version of its Verito sedan in next two years

·        After breakup of Renault-M&M joint venture, Logan was rebadged as Verito by Mahindra

·        Moreover, M&M expanded its footprints into electric car market with acquisition of Reva Electric

·        To benefit from expertise of Reva and combining it with core competency of M&M; electric version of Verito would be launched in coming two years by the company. The specification of new electric Verito is one of the best kept secret by the company

·        With entry into electric car market, M&M would not only compete with global auto giants but likely to take the competition with domestic rival Tata Motors to the next stage

2 comments:

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  2. It's really so good news for auto world. Also so fine for environment.
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