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India: Mahindra electric cars on hire

Mahindra Reva Electric Vehicles Pvt. has formed a partnership with Carzonrent offering electric cars for hire in New Delhi, Mumbai and Bangalore from Oct. 1.

Just five Mahindra Reva e2o electric cars will initially be available for hire in each of the three cities. The car, which is powered by lithium-ion batteries and an electric motor, has a driving range of 100 kilometers, or 62 miles, on a full charge of five hours. It has a top speed of 50 miles an hour

Carzonrent Chief Executive Rajiv Vij said it will cost 200 rupees ($3.20) to rent an e20 car for two hours or 800 rupees for a day. “The cost of renting a mid-size car is significantly higher and one has also to separately bear the cost of buying fuel, which is not the case with the e20,” Mr. Vij said.

In a joint statement, the companies said demand in India’s self-drive market is growing as roads improve, chauffeurs become more expensive, and navigation gadgets are more widely available.
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