BUSINESS

Mahindra Reva e2o goes rental way

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Star Live 24, Star Live 24
Wednesday, September 25, 2013
Published On: 23:49:47 PM

Mahindra Reva, part of the $16.2 billion Mahindra Group, on Wednesday, announced a partnership with cab rental firm Carzonrent.

 Under the partnership, Carzonrent will offer Mahindra’s electric car e2o for self drive in the three cities at a rate of Rs. 800 for 24 hours, from October 1, 2013. The three cities are New Delhi, Mumbai and Bangalore.

 Each city will have a fleet size of five e2o's to begin with and the service will be gradually expanded in all metropolitan cities, the companies said.

 Induction of e2o into the self-drive fleet has been undertaken to capture the huge potentially untapped organised self drive market and make it cost-effective for the consumers, they added.

 'At one third the cost compared to other self-drive cars, the e2o will be a game changer in the self-drive business model and will provide a complete new experience to the city commuters,' Carzonrent (I) Ltd Managing Director & CEO Rajiv Kr Vij said.

Commenting on the development, Mahindra Reva Electric Vehicles Pvt Ltd CEO Chetan Maini said: 'Our association with Carzonrent will bring Mahindra e2o and the concept of ‘mobility as a service’ together, giving customers an opportunity to realise the endless benefits associated with this innovative solution.'

Courtesy : The Hindu

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