Mahindra enters the e-cart segment with the launch of e Alfa Cargo

Mahindra Electric Mobility Ltd, part of the Mahindra Group, today announced the launch of its new electric 3-wheeler, the e Alfa Cargo. The e Alfa Cargo is attractively priced at ₹ 1.44 Lakh, ex-showroom Delhi. An e Alfa Cargo owner can save up to ₹ 60 000.00 per year in fuel costs when compared with a diesel cargo 3-wheeler. The launch of the e Alfa Cargo marks the entry of Mahindra in the rapidly growing e-cart segment.

Suman Mishra, CEO of Mahindra Electric Mobility Limited, said, "The last mile delivery segment is seeing excellent adoption of electric 3-wheelers due to significant operating cost advantages versus fossil fuel powered 3-wheelers. We are now launching the e Alfa Cargo ecart in response to the customer requirements in this segment. With savings of ₹ 60,000.00 over a diesel cargo 3-wheeler, the e Alfa Cargo aims to provide a sustainable, pollution-free solution in the cargo segment."

Mahindra e Alfa Cargo highlights:

Save BIG

• Save up to ₹ 60 000.00 with the e Alfa Cargo on fuel costs vs diesel cargo 3-wheelers (₹ 86.6/litre, prevailing rate as of December 2021 in Delhi)
• Low running cost of just 59 Paise per kilometre (considering electricity charges at ₹ 8/unit)

High Torque on demand

• The dual speed manual transmission with an integrated differential ensures a good gradeability of 7 degree
• Peak power of 1.5 kW while using the unique additional High Torque gear

Big in dimensions, yet compact to drive

• Large and wide cargo tray with a payload of 310 kg that meets the demands of the customers in this segment

Excellent range, high power & easy charging

• Go the distance with 80 km range on e Alfa Cargo, peak power of 1.5 kW
• Top speed of 25 km/h
• With an off board 48 V/15 A charger, charging the e Alfa Cargo is as easy as charging a mobile phone

Advanced Technology

• Fully digital instrument cluster gives state of charge (SoC), range, speed and other useful as well as vital read-outs at a glance

Mahindra's Reliability

• India's largest service network, for electric 3-wheelers, with approximately 300 outlets
• Warranty of 1 year/unlimited kilometre gives peace of mind

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 854.00 as compared to the previous close of Rs. 854.10. The total number of shares traded during the day was 68188 in over 3087 trades.

The stock hit an intraday high of Rs. 858.05 and intraday low of 844.90. The net turnover during the day was Rs. 58120017.00.

Source : Equity Bulls

Keywords

MahindraandMahindra INE101A01026 MahindraElectricMobility Electric3Wheeler eAlfaCargo