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Mahindra & Mahindra to launch electric two wheelers

Mahindra & Mahindra, which acquired Kinetic Motors in June 2008 is planning to launch electric two wheelers in the range of 250 to 1000 watts. Currently, Indian electric two wheeler markets is estimated at 0.1 million units a year, with players like Hero Electric, Electrotherm and Ultramotors. The company has launched two new scooter Mahindra Rodeo and Mahindra Duro costing Rs 41,299 and Rs 38,299 (ex-showroom Pune) and also sells Flyte originally launched by Kinetic now sporting Mahindra badge. It seems electric vehicles may be launched by next year.

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