Indian automaker Mahindra (MAHMF) and ride-hailing giant Uber on Friday announced a partnership to develop and deploy electric vehicles in India.

"Aligned with the government's vision, we aim to build a more sustainable future of mobility, moving more people needing on-demand services with fewer, fuller, and more efficient vehicle trips. We see a key role for high efficiency vehicle technologies, and therefore believe that this collaboration with Mahindra, the pioneers in the electric vehicles space, will be truly beneficial not just for Uber but for our driver partners, riders and the cities we operate in," said Mr. Madhu Kannan, Chief Business Officer, Uber India & Emerging Markets.

The two companies will initially roll out hundreds of vehicles in Delhi and Hyderabad. They will utilize Uber's electric vehicle platform and Mahindra's e2oPlus hatch and the eVerito sedan. As the partnership progresses, Uber and Mahindra will expand the program to other Indian cities. 

"Electric vehicle adoption is clearly gaining momentum in India. As the pioneers of electric vehicles in the country we would like to be at the forefront, leading this change toward smart and sustainable mobility. Our collaboration with Uber is an important next step to help accelerate the large scale adoption of electric vehicles on shared mobility platforms, and meet the nation's vision for EVs," said Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Ltd.

More of What's Trending on TheStreet:

More from Stocks

Dow Ends Off 125 Points as Caterpillar, 3M Earnings Disappoint

Dow Ends Off 125 Points as Caterpillar, 3M Earnings Disappoint

It's Clear Nvidia Is Leading the A.I. Revolution

It's Clear Nvidia Is Leading the A.I. Revolution

Multiple Tailwinds Take Shape That Could Drive BP Gains

Multiple Tailwinds Take Shape That Could Drive BP Gains

Overwhelmed? Jim Cramer Breaks Down What You Must Watch This Week

Overwhelmed? Jim Cramer Breaks Down What You Must Watch This Week

Why Citron Is Wrong on Tesla

Why Citron Is Wrong on Tesla