Mahindra & Mahindra unveiled its concept electric sports car 'Halo' which it expects to launch commercially in the next three years.
"There is a plan to commercialise Halo, we are working on a bigger powertrain and a final design. It will take about three years to be production ready," Mahindra & Mahindra Executive Director and President Pawan Goenka told reporters at the Indian Auto Expo.
According to the company, the Halo can touch a speed of 0-100 kmph in less than 8 seconds. It has a top speed of 160 kmph with a range of 200 km on full recharge.
"This car has been fully designed and developed in India with all indigenous technology," Mahindra Reva Electric Vehicle CEO Chetan Maini said.
The company also introduced a quick recharge variant of its existing electric car e20, equipped with smart port technology.
The car can be fully recharged in one hour, while a recharge of 15 minutes will give a range of 25 km.
The market for electric cars continues to grow, but vehicles powered by fossil fuels remain dominant across the globe. Many analysts believe electric cars will reach price parity with vehicles powered by internal-combustion engines sometime within the next decade. Indian maker Mahindra, however, says its own small, limited-range electric cars are... 
Indian automaker Mahindra is little known in the U.S., but it is one of the larger players in its home market. Mahindra's Indian-market lineup is mostly made up of trucks and SUVs, but it also sells the tiny Reva e2o electric car. It recently unveiled a new four-door hatchback version, called the e2o Plus, that will be sold alongside the existing... 
