| 12:17 AM EST

Report: Mahindra Developing “World’s Most Affordable” Electric SUV

India’s Mahindra & Mahindra Ltd. is developing what is being described internally as the world’s most affordable electric SUV, sources tell The Economic Times.
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India’s Mahindra & Mahindra Ltd. is developing what is being described internally as the world’s most affordable electric SUV, sources tell The Economic Times.

The model, code named S107, would supplement two electrics already in Mahindra’s Indian lineup. The company’s first EV is the entry-level e2o city car, which debuted early last year. The 480,000-rupee ($7,200) e2o can travel 120 km (75 miles) on a charge.

The little e2o was joined in June by a battery-powered version of the Renault Logan-based Mahindra Verito small sedan. The 1 million-rupee ($14,900) eVerito has a range of 110 km (68 miles).

ET says Mahindra also is pondering an electric iteration of the KUV small SUV introduced last autumn. Mahindra says it also plans to introduce a battery-powered version of its eight-seat van and may do the same for its larger buses.

Mahindra also reportedly will launch the Halo, an electric sports car, early next year. The two-seater received strong reviews when it debuted in concept form at India’s Auto Expo more than two years ago. Recent reports predict the car will retail for about 3 million rupees ($44,700), have a range as great at 200 km (120 miles) and be able to scoot from zero to 100 kph in 9 seconds.

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