Manmohan Singh last month envisages sales of 6-7 million electric vehicles including cars, two-wheelers and buses by the end of the decade, which would require investments of up to R23,500 crore.
Mahindra Reva, whose key research areas include drive technology and lighter materials, has filed about 30 patents relating to energy management and making electric cars more efficient. The company last year signed an memorandum of understanding with the Australian state of Victoria to explore the potential for research, supply chain development, and manufacturing of clean technology vehicles.
“Having created a lot of technologies and integrating them with the car, we, over time, have been enabling ourselves to go into new business areas which starts giving consumer solutions. Are they meaningful today, No. Are they meaningful five years from today? Yes, when you have built up the ecosystem. Definitely we are exploring this,” Maini said.