Uber has partnered with Mahindra & Mahindra Ltd to rollout electric vehciles (EVs) in India, starting with Delhi, and Hyderabad. Uber said that hundreds of Mahindra’s e2oPlus hatch and the eVerito sedan will be available as cabs to riders in these two cities, followed by other cities soon.
As part of this collaboration, Uber’s driver partners can buy these electric vehicles at lower rates, loans with low interests, subsidized insurance premiums, and vehicle maintenance packages, as Mahindra is also a financier for Uber’s driver partner through Mahindra Finance. The automaker will also educate and train Uber’s driver partners related to various aspects of electric vehicles.
For charging these ‘hundreds’ of EVs, Uber said that both the companies will work closely with public and private players who are in the process of setting-up a common use charging ecosystem across multiple locations in the cities.
Mahindra’s focus on electric vehicles
Mahindra & Mahindra Ltd was reportedly looking to foray into ride-hailing and cab aggregation business, as Chairman Anand Mahindra had said in July that the company intends to not only make the product like low cost, spacious, urban electric taxis, but also plans to invest in the ride-sharing space. At that time he told that the group will look at partnering some of the companies that are already engaged in the business of cab aggregation.
However, the EV taxis rollout was expected from Ola owing to Mahindra and Ola tie-ups. Mahindra was one of the partners with 100 e2o Plus cars, when Ola launched Ola Electric in Nagpur, which was a multi-modal electric vehicle project with a fleet of 200 electric vehicles in May this year.
Also, Mahindra had partnership with Ola, for selling 40,000 cars and gain $400 million worth of sales by offering discounts, lower financing cost as well as free accident insurance worth ₹15 lakh for Ola’s driver-partners and academic scholarship for their children.
In April this year, Mahindra Electric partnered with Zoomcar, a self-driven car-rental firm, to promote shared mobility of electric cars in India to enable individuals to buy all-electric Mahindra e2oPlus on ZAP–Zoomcar’s fractional car ownership programme. And a week ago, Zoomcar in partnership with the vehicle maker rolled out electric vehicles in Mysore, and Hyderabad.