Amid concern over the decline in sales and tightening safety regulations, Mahindra & Mahindra has stopped the production of India's first electric car model e2oPlus, reported Business Standard.
Mahindra Electric Mobility, the electric vehicle arm of M&M, has produced the last unit of the e2oPlus, which is based on Reva platform, on March 31, the report said quoting sources.
The company had stopped the production of the model for the domestic market as part of its plan to reorient the electric hatchback segment, Mahesh Babu, chief executive, Mahindra Electric Mobility, was quoted as saying in the report.
While the model will be sold in neighbouring markets such as Nepal, in India, the company will replace it with the electric version of the KUV100, Babu told the daily.
Presently, Mahindra is the only carmaker in India to sell electric cars.
Mahindra had acquired a controlling stake in Reva Electric Car Co (RECC) in 2010 to gain the upper hand in the electric car market that was expected to dominate the automobile segment, the report added.
However, the model failed to make an impact in the country due to various factors such as high acquisition cost and uncertainty over the government’s EV policy among others, the daily said.
First Published: IST