Mahindra electric mobility investment to be increased

Mahindra has announced that it will be investing further in the high-end electric powertrain technology in line with its efforts to accelerate the transformation as well as be in-sync with the Government of India’s thrust on promoting hybrid and electric mobility through the ambitious National Electric Mobility Mission Plan 2030.

The company has also confirmed that they will be electrifying some of its existing products directly or through its subsidiary, Mahindra Electric. The automaker already sells the e2o Plus, e-Verito and the e-Supro models in the Indian market and will be working towards making electric vehicles more accessible. Mahindra is also looking at increasing the production capacity to over 5000 units a month from just 200 units, over the next 2 years.

Mahindra plans to expand its range of electric vehicles in the country through this further investment. The invested amount will be used towards increasing the existing capacity for electric powertrains and electric vehicles. However, Mahindra has not specified the amount of investment it has planned.