Mahindra & Mahindra Ltd. is all set to invest Rs 10,000 crore to set up a new manufacturing plant for electric vehicles in Pune. Maharashtra government’s industrial promotional scheme for electric vehicles has approved the investment proposal from Mahindra & Mahindra Ltd. This new upcoming facility will be responsible for the production of the Born Electric Vehicles (BEVs).
The carmaker showcased five different all-electric vehicle concepts at an event held in Oxfordshire, the United Kingdom, on 15 August, 2022. These five EVs will use Mahindra’s electric-vehicle-specific INGLO architecture. The brand also announced its new EV division – BE (Born Electric). Under this new subsidiary, Mahindra will offer the BE.05, BE.07, and BE.09 electric SUVs. On the other hand, the XUV.e7 and XUV.e9 will fall under a distinctive lineup of EVs.
“We are delighted with this approval from the government 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,” Rajesh Jejurikar, Executive Director, Auto and Farm Sectors, Mahindra & Mahindra Ltd. was quoted saying.
Mahindra’s Tata Nexon and MG ZS EV rival promises a driving range of 456km from its 39.4kWh battery pack and an electric motor generates 150PS and 310Nm of torque. While there is still some time for Mahindra to launch its new range of electric cars, the brand is readying the XUV400 for the Indian market launch sometime in early 2023.
