3,000 Electric Vehicles every month is Mahindra’s Next Plan

    Mahindra & Mahindra has set a target of manufacturing 3,000 electric vehicles a month over the next two years and will invest up to Rs 600 crore in a new plant for such vehicles, a top company official said.

    “Right now, we are rolling out 200 electric vehicles a month. We are going to rev up this capacity to 700-800 monthly over the next four months,” M&M managing director Pawan Goenka told PTI. Mahindra manufactures electric vehicles at its Bengaluru, Nasik, and Pune facilities, he said.

    “We want to enhance our electric vehicles production to 3,000 units a month over the next two years and for this, a new manufacturing unit with an investment of Rs 500-600 crore will come up”, Goenka added without naming where the new plant will come up.

    It can be noted that government has decided to allow only electric vehicles from 2030 to fight rising pollution.

    The Centrally-run EESL had in October last ordered 10,000 electric sedans from the Tatas and Mahindras over the next few years and has already concluded contracts for 500 units– 350 from Tata Motors and 150 from Mahindra– making it the single largest order for electric cars in the world.

    ELE Times Research Desk
    ELE Times Research Desk
    ELE Times provides a comprehensive global coverage of Electronics, Technology and the Market. In addition to providing in depth articles, ELE Times attracts the industry’s largest, qualified and highly engaged audiences, who appreciate our timely, relevant content and popular formats. ELE Times helps you build awareness, drive traffic, communicate your offerings to right audience, generate leads and sell your products better.

    Technology Articles

    Popular Posts

    Latest News

    Must Read

    ELE Times Top 10