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.
The orders for supply of nearly 9,500 electric cars in the second phase will be issued after the completion of deliveries of the 500 EVs in the first phase.
M&M has stated that it would not supply more than 150 electric cars in the first phase as it would incur losses if it goes beyond that.
According to TOI, M&M Managing Director Pawan Goenka said that one area that they have potentially identified is that the range Mahindra have designed for its vehicles for is more than what is required in the tender.
Therefore, matching the range prescribed in the EESL tender would help the company do some savings, he added.
Under real-world conditions, the e-Verito can cover 140 km with a single charge.
