Electric SsangYong Korando E110: details, specs and on-sale date

Planned electric SsangYong Korando SUV may not happen due to coronavirus spending cuts by parent company Mahindra

The planned electric SsangYong Korando, which was set to arrive early in 2021, could become a victim of financial cutbacks by the South Korean brand's Indian parent company Mahindra in the wake of the coronavirus pandemic, according to media reports.

Mahindra has suffered an 88% drop in sales since coronavirus-related restrictions began to be introduced across its key markets of India and Asia. In a regulatory filing, the conglomerate stated: "After lengthy deliberation given current and projected cashflow... [Mahindra] will not be able to inject any fresh equity into [SsangYong] and has urged [it] to find alternate sources of funding."

Mahindra owns nearly 75% of SsangYong and its planned $423 million funding was key to the brand's turnaround plan, which incorporated an electric-car platform similar in concept to the Volkswagen Group's MEB setup, with an electric version of the smaller Tivoli SUV set to follow the zero-emissions Korando.

Provisionally known as the E110, the electric variant of the Korando was set to feature a 61.5kWh battery sourced from LG Chem. The company claimed a driving range of 261 miles for the car, although this figure was reached using the redundant NEDC test; real-world range should amount to around 200 miles under the newer WLTP procedure.

The electric Korando was to get a single motor generating 188bhp, making it the most powerful model in the line-up. Performance figures hadn't been released yet, although SsangYong was promising "best-in-class" acceleration and a top speed in the region of 95mph from the E110.