The electric hypercar will have level 3 autonomous driving system and will be capable of hitting 0-100 kmph in less than 2 seconds.
Iconic Italian design firm Pininfarina, owned by Mahindra & Mahindra, is branching out to manufacturing of electric luxury cars under the new brand Automobili Pininfarina. Its first model will be an electric hypercar scheduled for launch in 2020.
The company will design, engineer and manufacture high technology, extreme performance, and luxury electric vehicles. Automobili Pininfarina will combine Pininfarina's automotive design prowess with Mahindra's electric vehicle expertise gained from its participation in the Formula E electric racing car championship.
The electric hypercar will have level 3 autonomous driving system and will be capable of hitting 0-100 kmph in less than 2 seconds. Its top speed will be over 400 kmph. The vehicle will have a range of over 500 kms on a full charge and will likely be priced under Euro 2 million. Only 100 units of the car will be produced and sold.
Mahindra & Mahindra bought 76 per cent in debt-ridden Pininfarina in late 2015 for $28 million. In addition to the stake the Indian giant had promised to pay the brand’s creditors more than $125 million with a further investment of $20 million.