Mahindra Reva is working on an electric variant of the Verito wide body sedan. The Verito Electric will be ready for launch by September 2014 and the car is already on trial in Bhutan. Although Mahindra Reva will have the Verito Electric ready for launch in India by the end of this year, the sedan might not make it to the Indian market.
The uncertainty surrounding the National Electric Mobility Mission Plan (NEMMP) 2020 subsidy has resulted in Mahindra Reva putting all new electric cars on hold as far as the Indian market is concerned. The Verito Electric is powered by a 40 Bhp electric motor that is juiced by Lithium Ion batteries.
The transmission on the Verito Electric is a CVT Automatic unit. The car is capable of hitting a top speed of about 86 Kph and comes with a claimed range of 100 kilometers per charge. The Verito Electric’s Lithium Ion battery stack take about 7 hours to go from empty to full.
With Mahindra Reva unveiling Quick2Charge fast charging outlets for the E2O, a similar set up for the Verito Electric is expected to reduce charging times dramatically. The Verito Electric is likely to cost about 10 lakh rupees in India. Even with Mahindra Reva’s battery rental EMI scheme, the car is expected to cost about 8 lakh rupees, which is quite a bit of money for a car that can’t do more than 100 kilometers at a stretch.
Though pricey, the Verito Electric with government subsidies to boot, could find favour in urban environments due to its spacious interiors that can seat five adults in comfort. The car is solidly built and is known to age well. Built on the Renault Logan low cost platform, the Mahindra Verito is also sold with a 1.5 liter K9K turbo diesel engine.
Therefore, the case for government subsidy remains a strong one as electric vehicles simply cannot compete on an even footing with petrol and diesel powered vehicles without chunky subsidies doled out by governments. While many European countries offer subsidies on electric cars, India’s subsidy policy remains in limbo due to the reasons best known by the policy makers themselves.