Mahindra to launch 8 electric SUVs by 2027

Among the 13 new SUVs is the 5-door Thar, next-gen Scorpio and a hybrid version of the XUV700.

Earlier this week, Mahindra announced the financial results for Q2 and H1 FY2022. The carmaker also shared some details about its future products during the online press conference.

According to Rajesh Jejurikar, Executive Director, Mahindra & Mahindra, the company plans to introduce 13 SUVs by 2027. These will include 8 electric models. Between 2025 and 2027, Mahindra plans to launch 4 electric SUVs in the market.

Out of the 13 SUVs, the company has already launched the Thar. A 5-door version of the Thar is expected to debut post-2023. The next-generation Scorpio will be launched in 2022. A hybrid version of the XUV700 is also on the cards.

Mahindra's Q2 revenue grew by 15% to Rs. 13,305 crores. Consolidated revenues were up 12% to Rs. 21,470 crores.

The Farm Equipment Sector (FES) also registered growth. The tractor market share rose by 1.9% to 40.1% compared to Q2 FY2021.

Source: ET Auto

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