M&M eyes costsaving steps for everito

NEW DELHI: Mahindra and Mahindra (M&M) is looking at various cost reduction measures, including lowering driving range of its electric car e-verito, in order to be price competitive to supply electric cars to EESL. M&M coupled with Tata Motors are the only two companies selected by state-owned Energy Efficiency Services Ltd (EESL) to supply 500 electric cars in the first phase.