M&M to speed up e-vehicles, launches CNG variant of Bolero
18 Jul, 2008, 1031 hrs IST, ET Bureau
NEW DELHI: Aiming to expand its fleet of environment-friendly vehicles, homegrown utility vehicle major Mahindra & Mahindra plans to introduce an array of alternative fuel variants including CNG and hybrid versions of its flagship SUV Scorpio, besides plans to introduce electric vehicles.
M&M launched a CNG variant of its one tonner pick-up vehicle Bolero on Thursday, priced at Rs 5.42 lakh (ex-showroom Delhi). The vehicle will offer 40% saving on operating cost compared to a similar diesel vehicle. The company has already launched CNG variants of its Champion and Alfa three-wheelers in the market.
M&M marketing vice-president Vivek Nayer said: “As an automotive company, we are exploring all options and over time new vehicles with alternative fuels should happen. We have undertaken a sustainable mobility solution programme to explore various fuel options—hybrid, hydrogen, electric and eco-fuels—in the near future.
As the availability and infrastructure improve, we will be there.” The company is also looking at the electric vehicles for its commercial and passenger vehicle range. Without confirming any timeline for the launch Mr Nayer said: “The technology is already with us and we are capable of doing it. Availability of the right infrastructure is the challenge as you will need proper facilities to charge your vehicles while running across the city and more distant destinations.”