Mahindra & Mahindra (M&M), has plans to launch fuel-efficient hybrid and electric vehicles in the near future, a top company official said on Monday.

“We have to develop technologies for hybrid and electric vehicles. In a couple of years, we will launch hybrid and electric vehicles,” M&M, Head-Design, B Bhaumik said.

M&M has already drawn up plans to launch a few more products from the Ingenio platform in the next two years. The launches will be both in the passenger vehicle as well as the commercial vehicle segments of truck and low-tonnage vehicles.