With technology already trickling down, innovation in the electric racing car around battery, drive train and charging system will help in the design and development of the vehicles at large scale in the long run, Formula E Director of Media and Strategic Partnerships Ali Russell told media.

Russell said the idea behind Formula E is that the international motorsport body FIA has been looking 'at creating a sport that creates innovation for the electric car industry'. Mahindra, like most other companies, has invested heavily in the electric cars and has helped in creation of new intellectual properties.

Earlier, Mahindra & Mahindra Executive Director Pawan Goenka had told media that the company "hoped that through the racing we will be able to bring technologies to our road cars. It is a gradual thing". He however hastened to add that it is a long process and not something that would happen in a year as what goes into racing cars are too expensive to come immediately to road cars.

Mahindra is taking part in Formula E through its Mahindra Racing team. This season it is racing with its M2Electro, making it one of a select few manufacturers that developed an all new electric powertrain for the series. The racing car can accelerate from 0-100kms under 3 seconds.

The company's electric vehicle line-up includes small car e20 and sedan Verito Electric, besides passenger vehicle Maxximo Electric.