Monday, February 19, 2018
Mahindra Electric and Baghirathi Group Jointly Power Karnataka’s EV Dream
Mahindra Electric, part of the diversified US$19 billion Mahindra Group and a pioneer in the development and production of electric vehicles in India and Baghirathi Group, a leading shared mobility service provider based in Bengaluru, today flagged off a fleet of 50 electric vehicles comprising Mahindra’s e-Verito from the Vidhana Soudha or State Assembly. This marks the beginning of the eMobility Awareness Campaign spearheaded by the Government of Karnataka.
The flag-off took place in the presence of Chief Minister of Karnataka, Siddaramaiah and R.V. Deshpande, Minister for Medium & Heavy Industries, who also shared their vision of eMobility for Karnataka, at the event.
Mahindra Electric also announced an additional investment of Rs 400 crore over the next 5 years, in the state. The investment will be utilized towards expansion of capacity, setting up of new EV technology innovation centers and expansion of the skilled team working in the EV space.
The Baghirathi Group also announced the launch of its brand rydS which will focus on low carbon, zero emission sustainable mobility solutions for all. rydS plans to deploy 1000 electric vehicles for its enterprise clients. This deployment augments the recently announced electric vehicle and energy storage policy of the Government of Karnataka which aims to create a conducive environment and necessary infrastructure for electric mobility in the city.
Speaking on the announcement, Mahesh Babu, CEO, Mahindra Electric said, “We are very happy to lead the EV movement in Karnataka and be active participants in the eMobility awareness campaign initiated by the Government of Karnataka. Karnataka is our home ground and we already have three fully functioning facilities in Bengaluru. The role played by Bhagirathi in urban mass mobility is giving an impetus to electric vehicles as well with the recent order of 1000 eVeritos being one of the biggest in Indian corporate mobility. I am sure that together, Mahindra & Bhaghirathi can reshape the dynamics of mass mobility to make it clean and green in keeping with our state government’s objective”.
Speaking about the initiative, Mahesh Hariharan, Founder Chairman of Baghirathi Groupsaid, “rydS marks the next stage of evolution of our organization, building further on our vision of creating shared, connected and sustainable mobility solutions. We intend to work closely with our customers, and with policy makers to implement the EV policy. Our action plan focuses on developing the infrastructure for manufacturers to support a fleet of electric vehicles across the country, starting with Bengaluru.”