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Mahindra Reva bets big on electric sports car Halo to drive change in fortune

The Halo, the electric sports car concept that Mahindra & Mahindra showcased at this month’s Auto Expo, is more than a =”showpiece already.

Mahindra’s electric vehicle unit, Mahindra Reva, is already testing various parameters of Halo prototypes and a production design of India’s first locally developed electric sports car is not very far, say people with knowledge of the matter. That would be a big leap for Mahindra Reva, which has had limited success with the E2O small car that it launched about a year ago.

“It is our next big bet. If it passes the feasibility tests, the Halo has the potential of creating an all new affordable sports car segment,” Mahindra Reva Chief Executive Chetan Maini told ET. “It not only has a huge potential in the markets of Europe, where the awareness and acceptability is much higher, in India it could help us to break some myths of performance.”
More economicatgimes.indiatimes.com

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