Mahindra also provides next generation mobility solutions and also changed the nomenclature to Mahindra Electric Mobility Limited.
The company also said it is building a new EV battery plant in Chakan near the city of Pune, which will increase its available capacity tenfold when completed.
Indian automaker Mahindra & Mahindra will invest in building long-range electric vehicles, high-power battery packs and power trains in an effort to boost green auto sales, senior company executives said on Wednesday.
Mahindra Electric has pioneered the sustainable mobility cause in India and has remained committed to it for nearly a decade. The company also stated that it is setting up infrastructure for charging stations and fleet operations. Mahindra plans to ramp up production of its electric vehicles to 5,000 units a month by mid-2019 from 400 units now and will invest in making batteries that enable cars to run for 400 kilometres on a single charge, managing director Pawan Goenka said. 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. But being a bit more realistic about he said that he expects to see about 4 to 5 million electric four-wheelers plying on Indian roads by 2032.
Mahindra plans to ramp up production of its electric vehicles to 5,000 units a month by mid-2019 from 400 units now and will invest in making batteries that enable cars to run for 400 kilometres on a single charge.
According to a report from TOI, the company is looking to ramp up its monthly electric vehicle production capacity from 200 units to 5,000 units, over the next two years. "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".
The current line-up of the company includes e2O mini auto, e-Verito sedan, e-Supro mini passenger vehicle and e-Supro load carrier.
The company now makes batteries that allow cars to run between 100 and 140 kilometres on a single charge. While M&M imports battery cells, it assembles the battery packs in India at its facility in Bengaluru that can do 400-500 units per month. Mahindra is also working on a 32-seater electric bus which is expected to be introduced within next two years.