Indian Manufacturer Mahindra Racing Signs On As Eighth Formula E Team

NOV 30 2013 BY MARK KANE 1

Mahindra Reva's First Electric Vehicle...the e20

Mahindra Reva’s First Electric Vehicle…the e2o

Mahindra Racing, the motorsports division of India’s Mahindra Group, has signed an agreement with Formula E Holdings to join the new FIA Formula E Championship as the eight team.

As with all teams, Mahindra will use the standard racer Spark-Renault SRT_01E, however Mahindra Reva Company, which started selling its e2o electric cars in India earlier this year, could probably some day prep its own racer.

Mr Anand Mahindra, Chairman and Managing Director of Mahindra Group stated:

“We strongly believe that Formula E can provide an excellent global showcase for our electric vehicle technology. With advanced operations and expertise in electronics, IT, automotive technologies and manufacturing, we are already seeing the fusion of this technology into our electric vehicle operations. Racing will further accelerate that trend while Formula E is set to raise awareness globally about the benefits of electric vehicles.”

Dr. Pawan Goenka, Mahindra’s Executive Director and President of Automotive and Farm Equipment Sectors, remarked:

“As pioneers of electric mobility in India, we are extremely thrilled to extend EV technology to the exhilarating world of the FIA Formula E Championship. This will not only help us develop next generation EV technologies, but will also catapult our product development capabilities to the next orbit.”

Mr S P Shukla, Chairman, Mahindra Racing and President of Group Strategy commented:

“We are very excited about our new adventure with Formula E. Mahindra Racing is relatively young, but we have seen how racing delivers benefits to our organisation, not only from the brand perspective, but equally in terms of technology advances and motivation. This is an excellent addition to our racing portfolio and we are looking forward to a successful future in Formula E.”

Alejandro Agag, CEO of Formula E Holdings, added:

“We are very proud to have a major global company like Mahindra join the FIA Formula E Championship. Adding a manufacturer from India to what is already a real global mix of teams is fantastic news for the series. Everything is coming together very well and we look forward to presenting all ten teams to the FIA World Motor Sport Council next month.”

FIA Formula E Teams announced to date (8 out of 10):

  • Drayson Racing
  • China Racing
  • Andretti Autosport
  • Dragon Racing
  • e.dams
  • Super Aguri
  • Audi Sport ABT
  • Mahindra Racing

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1 Comment on "Indian Manufacturer Mahindra Racing Signs On As Eighth Formula E Team"

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Abhishekifmr

Well well well.. great news.. May be this will aspire Indian people to buy electric cars.. E2O is a disaster . Sold almost 300 since launch..