Mahindra plans 6 EVs; to double production capacity

TusharK · 27th December 2021, 10:40

According to a media report, Mahindra Electric is planning to launch six new EVs across various segments. The company is also said to double its production capacity to cater to the rising demand for EVs.

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The report states that Mahindra Electric is looking to invest close to Rs. 300 crore into last-mile mobility, which is about 10% of its allocated EV biz investment.

Depending on the supply of semiconductors, the company's volumes are expected to double in FY2023 from the 14,000 - 15,000 units expected by the end of FY2022.

It is estimated that Mahindra's annual electric 3-wheeler sales could hit the 1 lakh unit mark by 2024-25. The company estimates e-rickshaws to account for 30% of the overall 3-wheeler market. Its last-mile mobility division is said to have sold about 7,000 EVs this fiscal already.

Source: ET Auto

Abhikumar629 · 27th December 2021, 11:00

They were the early adopters of EV and sad to say as on day they have become the laggards. Not able to figure out what took them so long to launch a proper EV (barring the verito) even after so many years of acquiring Reva. Why don't they benchmark TATA Motors on their execution??

DicKy · 27th December 2021, 14:46

Mahindra!!!

Launch the Atom already! And do sure make it is possible to register on white plates.

KMohanan · 27th December 2021, 16:14

Quote:

Originally Posted by DicKy

Mahindra!!!

Launch the Atom already! And do sure make it is possible to register on white plates.

I was anxiously waiting for the mahindra Atom for more than a year. Traffic blocks and narrow roads makes my 60 km everyday suv travel impossible. Finally I am going to manage with a Bajaj qute

zing007 · 27th December 2021, 20:32

When Ford and Mahindra were on joint partnership, there were plans of launching Figo EV and more, as per some news reports. The failure of that partnership, I hope, led to these delays in launching a proper electric car. I always feels had the partnership worked, we could have seen a lot of new products from both manufacturers. The failure of the partnership is a huge loss to some car enthusiasts.

Emvi · 11th February 2022, 19:01

Mahindra teases 3 new EV concepts!

Mahindra plans 6 EVs; to double production capacity-mahindrabornevunveiljuly2022teaser01.jpeg

https://youtu.be/o-ilG3jfN8Q

Source

27th December 2021, 10:40	#1
TusharK Senior - BHPian Join Date: Jul 2017 Location: Pune Posts: 6,256 Thanked: 55,725 Times	Mahindra plans 6 EVs; to double production capacity According to a media report, Mahindra Electric is planning to launch six new EVs across various segments. The company is also said to double its production capacity to cater to the rising demand for EVs. The report states that Mahindra Electric is looking to invest close to Rs. 300 crore into last-mile mobility, which is about 10% of its allocated EV biz investment. Depending on the supply of semiconductors, the company's volumes are expected to double in FY2023 from the 14,000 - 15,000 units expected by the end of FY2022. It is estimated that Mahindra's annual electric 3-wheeler sales could hit the 1 lakh unit mark by 2024-25. The company estimates e-rickshaws to account for 30% of the overall 3-wheeler market. Its last-mile mobility division is said to have sold about 7,000 EVs this fiscal already. Source: ET Auto
	(3) Thanks

27th December 2021, 11:00	#2
Abhikumar629 BHPian Join Date: Nov 2021 Location: Pune Posts: 85 Thanked: 192 Times	Re: Mahindra plans 6 EVs; to double production capacity They were the early adopters of EV and sad to say as on day they have become the laggards. Not able to figure out what took them so long to launch a proper EV (barring the verito) even after so many years of acquiring Reva. Why don't they benchmark TATA Motors on their execution??
	(1) Thanks

27th December 2021, 14:46	#3
DicKy Distinguished - BHPian Join Date: Jan 2010 Location: TVPM Posts: 3,823 Thanked: 11,761 Times	Re: Mahindra plans 6 EVs; to double production capacity Mahindra!!! Launch the Atom already! And do sure make it is possible to register on white plates.
	() Thanks

27th December 2021, 20:32	#5
zing007 Newbie Join Date: Nov 2019 Location: Bhubaneswar Posts: 21 Thanked: 67 Times	Re: Mahindra plans 6 EVs; to double production capacity When Ford and Mahindra were on joint partnership, there were plans of launching Figo EV and more, as per some news reports. The failure of that partnership, I hope, led to these delays in launching a proper electric car. I always feels had the partnership worked, we could have seen a lot of new products from both manufacturers. The failure of the partnership is a huge loss to some car enthusiasts.
	() Thanks