The electric version of Maximmo is set for launch from October as the ideal commercial vehicle of its size, sid its President of the Automotive division. Capable of running 90km at the complete charge for 8 hours, the saving cost may differ from state to state on the cost of electricity. The diesel Maximmo, 2 cylinder mini truck with load capacity of 850kg will vie against Tata’s one-tonner Ace in the truck sector whereas electric version is capable of 600kgs.
Maximmo may be exported to Europe and the US. M&M is in the process of electric version scooter and a strong launch in two wheeler segment. The company is in two wheeler segment with gearless scooters Duro, Rodeo and Flyte as the segment has other giant like Honda Motorcycle.
The pioneer Reva Electric is joined by Hero group, TVS, Ultra Motor, Tube Investments of India, Atlas the Lohia group, Tata Motors and GM in electric versions. The electric versions of scooters comprise little volume but have much potential and scope in view of rising fuel costs.