Uber to partner with Mahindra for electric vehicles in India

Uber to partner with Mahindra for electric vehicles in India
The logo of Mahindra and Mahindra is seen on a car parked at a showroom in Mumbai. Image Source: Reuters
Written By: Reuters
Updated: Fri, Nov 24, 2017
01:43 pm
Reuters
RELATED NEWS
M&M posts Rs 3,255.02 cr loss for Q4, considers exiting loss-making international units M&M posts Rs 3,255.02 cr loss for Q4, considers exiting loss-making international units
TLTRO 2 of Rs 50,000 crore will benefit the NBFCs: Ramesh Iyer, M&M Financial TLTRO 2 of Rs 50,000 crore will benefit the NBFCs: Ramesh Iyer, M&M Financial

Ride-hailing firm Uber Technologies will partner with automaker Mahindra and Mahindra to add electric vehicles on its platform in India, the two companies said in a statement on Friday.

Uber will deploy hundreds of electric vehicles including Mahindra`s e2o hatchback and eVerito sedan in Delhi and Hyderabad, and will consider adding the cars in other cities across India.

Shares of the company were up 1% to trade at Rs 1,434 apiece on BSE Sensex intraday.

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.