Business EconomyPosted at: Nov 19 2018 7:06PM

Mahindra Electric signs MoU with Three Wheels United

New Delhi, Nov 19 (UNI) Mahindra Electric Mobility Ltd and Three Wheels United (TWU), recently signed a Memorandum of Understanding (MoU) providing affordable financing for auto rickshaw drivers and integrating them with public transportation.

The MoU was signed during the Auto Day 2018 celebrations on November 17 in the presence of several senior officials and dignitaries. The event is an annual property organised by the TWU and brings together almost 5,000 auto drivers. This year, the representation included Bangalore, Chitradurga and Pondicherry.

"Under this MoU, Mahindra Electric and TWU will work together to accelerate the adoption of electric three wheelers in India. This will include the identification and financing facility for auto drivers, so that 2,000 Mahindra Treos are rolled out across the country, by next year, as a result of this association. The MoU also highlights the use of Mahindra’s NEMO (Next Generation Mobility Solution) as the preferred mobility solution platform to be used by the TWU," a statement said here on Monday.

Mahindra Electric CEO Mahesh Babu said, “Built on India’s first Lithium-ion battery, three-wheeler platform, we are confident that the Treo will transform the way urban India travels. Associations with partners like these will make it easier for drivers to adopt electric mobility, and for our cities to be more environment friendly.”

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