Ride-hailing firm Uber will partner with automaker Mahindra and Mahindra to pilot electric vehicles on its platform in India, the two companies said on Friday, at a time when the government is pushing to have all new vehicles electrified by 2030. As part of the deal, Uber will initially subsidize the cost of electric cars for its drivers and Mahindra will also provide finance, insurance and after-sales service. Mahindra has previously said it would invest 6 billion rupees ($93 million) over the next two to three years to develop electric vehicles. The carmaker is currently working on two electric passenger vehicles, including one with its South Korean unit Ssangyong Motor Co, Goenka said. Mahindra also has a partnership with Ola in which the ride-hailing company agreed last year to procure 40,000 vehicles, including electric variants.

Source: India Today November 25, 2017 04:52 UTC