Description Available in: Already a major global force in the development and production of electric vehicles through its Mahindra Reva Company, Mahindra Racing is the eighth and only Indian team to race in Formula E. Mahindra Racing is no stranger to international motor sport, competing in the FIM Moto GP World Motorcycle Racing Championship – the first Indian team to do so in 2011. Based in Mumbai, India, Mahindra is a $16.2 billion multinational group employing more than 180,000 people in over 100 countries.