There are many automotive companies in India, but what makes Mahindra truly special is that it has a lot of experience, reputation, and it constantly innovates and never gives up, getting better after every iteration. is happening Mahindra’s brand image is second to none, especially its SUVs. However, Mahindra knows that it, like every other company, needs to innovate and adapt and move with the times to stay relevant. Mahindra also knows that EVs are the future and it needs to mass produce EVs, so it is doing something big to tackle the situation.
Mahindra & Mahindra Limited (M&M Limited), one of India’s leading automotive companies, today announced that their investment of Rs. 10,000 crore for electric vehicles has been sanctioned under the Maharashtra government’s Industrial Promotion Scheme for Electric Vehicles.
The Company, through its subsidiary, will invest approx. 10,000 crore over a period of 7-8 years for the manufacturing facility, development, and production of Rs Mahindra’s upcoming Born Electric Vehicles (BEVs), some of which will be unveiled on August 15 in Oxfordshire, UK. were done.Th2022. Based on the latest INGLO EV platform, these include e-SUVs under the iconic brand – XUV with Twin Pack logo in copper and an all-new electric-only brand called ‘BE’.
Speaking of announcements, Rajesh Jejurikar, Executive Director, Auto & Farm Sector, Mahindra & Mahindra Limited.It was described “We are delighted with this approval from the Govt. to set up and invest in our EV manufacturing plant in Pune, Maharashtra, our ‘home’ state for 70 years. We are extremely grateful to the Govt. For Maharashtra’s continued support. Mahindra’s investment along with the government’s focus on ‘ease of doing business’ and progressive policies will act as a catalyst for Maharashtra to become India’s EV hub, bringing more Indian and Foreign direct investment will be attracted.