Stock Advisory in Indore: Mahindra looks to diversify electric vehicle portfolio

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Mahindra and Mahindra Ltd will have the electric variant of all its existing and planned crossover sport utility vehicles (SUVs), managing director Pawan Goenka said on Tuesday.

Mahindra’s current line-up of crossovers includes the XUV5OO and the KUV1OO. Another compact SUV—code-named S201—will be added next year.

“All our crossover SUVs will have electric versions,” Goenka told reporters on the sidelines of the launch of a refreshed version of the KUV1OO. Mahindra will launch the electric variant of the KUV1OO in 2018, said Goenka.

As the only commercial electric vehicle (EV) maker in India, Mahindra is looking to capitalize on its first-mover advantage by diversifying its EV portfolio, which presently comprises two hatchbacks, the e2o and e2o Plus, a sedan, the Everton, the eSupro van and a three-wheeler, the e-Alfa Mini.