Tuesday, January 20, 2009

M&M PLANS TO LAUNCH HYBRID AND ELECTRIC VEHICLES

Mumbai
The Economic Times

Passenger car and commercial vehicle maker, Mahindra & Mahindra (M&M), has plans to launch fuel-efficient hybrid and electric vehicles in the near future, a top company official said on Monday.

"M&M is spending Rs 100-crore per annum on productive segments, which includes software development, prototyping, testing and in-house infrastructure to develop new models," said M&M, Head-Design, B Bhaumik, adding that the company has 10 professional designers

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