Mahindra & Mahindra (M&M Ltd.), one of India’s leading automotive companies, has announced that their investment of Rs. 10,000 crore for electric vehicles has been approved under the Maharashtra Government’s industrial promotion scheme for electric vehicles.
The company, through its subsidiary, will make investments of approx. Rs. 10,000 crore over a period of 7-8 years for setting up the manufacturing facility, development, and production of Mahindra’s upcoming Born Electric Vehicles (BEVs),some of which were showcased in Oxfordshire, UK, on August 15th, 2022. Based on the state-of-the-art INGLO EV Platform, these include the e-SUVs under the iconic brand - XUV with the Twin Peak logo in copper and the all-new electric-only brand called ‘BE’.
Rajesh Jejurikar, Executive Director, Auto & Farm Sectors, Mahindra & Mahindra Ltd., stated, “We are delighted with this approval from the Govt. of Maharashtra for setting up our EV Manufacturing Plant in Pune, and investing in what has been our ‘home’ state for over 70 years. We are very thankful to the Govt. of Maharashtra for their continued support. The Government’s focus on ‘ease-of-doing-business’ and progressive policies, together with Mahindra’s investment, will act as a catalyst for Maharashtra to become India’s EV hub, attracting further Indian and Foreign Direct Investment.”
BYD India, a subsidiary of BYD and the world's No. 1 NEV (New Energy Vehicle) manufacturer, showcased its globally-acclaimed DM-i (Dual Mode Intelligent) technology in India, marking a significant mi...
As India accelerates its transition to electric mobility, the focus is shifting from adoption to scale, efficiency, and affordability. Bosch is set to support this next phase with the introduction of ...
Uno Minda Aftermarket has launched its new wiper blade range, featuring technology from Taiwan. This range features precise design and improved durability for everyday driving. The Uno Minda wiper bla...