Mahindra & Mahindra’s EV division Mahindra Electric has announced a new strategy called EV 2.0, with an aim to secure a larger share in the Indian electric vehicle market.
The plan includes developing longer range batteries and increasing the battery assembly capacity at its facility in Bengaluru. The roadmap also includes developing an electric bus and a three-wheeler eRickshaw, and working with the govt bodies for setting up the charging infrastructure.
The company currently has e2oPlus, eVerito sedan and eSupro van, and aims to have 8-10 percent share in the Indian electric vehicle market in the next 4 – 5 years.
Pawan Goenka, Chairman, Mahindra Electric, said, “The time has now arrived for EVs to become mainstream and Mahindra has the right technology and products for India. We will actively engage with the Government, both at the centre and the state, municipal bodies and other private players for setting up a robust EV ecosystem. We are also ramping up our investments towards developing the next generation of EV technologies and products that will cater to the smart cities of tomorrow.”
Mahesh Babu, CEO, Mahindra Electric, “At Mahindra Electric our focus goes beyond just developing electric vehicles as we strive towards investing in next generation technology solutions and globally competitive products, to drive faster adoption of electric vehicles. With EV 2.0 we have laid out a clear roadmap for electric mobility in India, at par with our global counterparts and are future ready to set out for the next phase of our EV journey”.
Source: ETAuto
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