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Reading: Mahindra to produce 200k EVs annually from 2027 to 2029
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EV-a2z > News > Mahindra to produce 200k EVs annually from 2027 to 2029
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Mahindra to produce 200k EVs annually from 2027 to 2029

EV-a2zm
Last updated: 2023/08/20 at 3:18 PM
EV-a2zm Published August 17, 2023 2 Min Read
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Mahindra KUV100 presented at Sofia Motor Show
Mahindra KUV100 presented at Sofia Motor Show
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Indian automaker Mahindra and Mahindra has reportedly announced plans to accelerate its electrification efforts by ramping up the production of its electric vehicle models. It also aims to penetrate new foreign markets to expand its customer base.

M&M expects its EVs to contribute 30% of its total volumes by the end of the decade.

“About 30% of our portfolio would be from electric vehicles between 2027 and 2030.” 

Veejay Nakra, Mahinda Automotive Unit President

Mahindra & Mahindra expects electric vehicle production at its upcoming plant in Chakan in Maharashtra to hit the peak production mark of 2 lakh units per annum between 2027 and 2029, according to company President -Automotive Sector Veejay Nakra.#Mahindra #Mahindrathar pic.twitter.com/lONToydFfP

— GoodReturns.IN (@GoodReturnsIN) August 16, 2023

Plan highlights

M&M unveiled its new EV strategy during a recent event in South Africa on August 15. The local automaker indicated that it aims to electrify the majority of its traditional vehicle offerings, including the Bolero, Thar, etc., in the following days.

Inside Mahindra's Chakan manufacturing plantpic.twitter.com/6mSnmEtdpe

— Krishnan (@cvkrishnan) August 24, 2022

It also plans to bring its EV models to the UK and European markets. That said, M&M targets 2 lakh EV units production annually by 2029 at its upcoming Chakan EV factory.

“We are looking at doing a number of 2 lakh units (at Chakan plant) between 2027 and 2029.).”

Veejay Nakra, Mahinda Automotive Unit President

The Indian automaker also introduced the new electrified counterpart of the Thar SUV, Vision Thar.e concept. It will join the company’s Born Electric (BE) portfolio as soon as it hits production. 

As of now, M&M only has one all-eleActric vehicle offering in its home market – XUV400 EV. Nonetheless, the company now aims to expand its portfolio by introducing more EVs.

Mahindra Thar electric concept revealed – Thar.e

How’s the design? pic.twitter.com/bhoqKgQk8I

— MotorBeam (@MotorBeam) August 15, 2023

See Also:

  • Mahindra says Tesla’s presence “does not faze” them
  • Mahindra plans to penetrate the Australian EV market
  • Mahindra & Mahindra to expand its Zaheerabad Plant for 3-wheeler EVs
  • Mahindra & Mahindra to invest Rs. 10,000 crores for its EV manufacturing plant 
  • Volkswagen, Mahindra partner in India to launch 5 Electric SUVs

M&M’s move to launch a more aggressive electrification initiative will undoubtedly aid the automaker in hitting its 2030 target of having EVs account for 30% of its overall volume. Moreover, it will accelerate EV adoption not only in India but also in the global market.

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TAGGED: Electric Vehicle, EV, India, Mahindra
EV-a2zm August 20, 2023 August 20, 2023
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