CarWale
    AD

    Mahindra Electric aims to double its production capacity

    Authors Image

    Nikhil Puthran

    23,852 Views
    Mahindra Electric aims to double its production capacity

    - Likely to invest close to Rs 300 crore for last-mile mobility business 

    - Plans to introduce nearly six new vehicles

    Rising environmental concerns and growing awareness towards green mobility have recently encouraged the masses to opt for electric vehicles in the country. In view of strong demand, media reports reveal that Mahindra Electric is likely to invest about 10 per cent of its allocated EV investment, about Rs 300 crore in its last-mile mobility business. It is believed that the company will double its production capacity and introduce up to six new vehicles, across three and four-wheel quadricycles. 

    The report further claims that the company is likely to close FY’22 with volumes of about 14,000 to 15,000 EVs, which might double in FY’23 provided that semiconductor supply issues do not worsen. By 2024-2025, the company expects to produce and sell about one lakh three-wheeler EVs. In this financial year, Mahindra’s last-mile mobility division has reportedly sold about 7,000 electric vehicles, and it is believed that the company is confident of selling a similar number in the next quarter alone. 

    More details on Mahindra Electric plans will be known in the days to come. 

    Source – ET Auto

    Related News

    Popular News

    Recent News

    Featured Cars

    • Popular
    • JUST LAUNCHED
    • Upcoming
    Maruti Suzuki Dzire
    Maruti Dzire
    Rs. 8.20 Lakhonwards
    On-Road Price, Sullia
    Check On-Road Price
    JUST LAUNCHED
    11th NOV
    Skoda Kylaq
    Skoda Kylaq
    Rs. 9.43 Lakhonwards
    On-Road Price, Sullia
    Check On-Road Price
    JUST LAUNCHED
    6th NOV
    Tata Curvv
    Tata Curvv
    Rs. 12.00 Lakhonwards
    On-Road Price, Sullia
    Check On-Road Price
    Mahindra XUV 3XO
    Mahindra XUV 3XO
    Rs. 9.38 Lakhonwards
    On-Road Price, Sullia
    Check On-Road Price
    Mahindra Thar Roxx
    Mahindra Thar Roxx
    Rs. 16.24 Lakhonwards
    On-Road Price, Sullia
    Check On-Road Price
    Hyundai Creta
    Hyundai Creta
    Rs. 13.62 Lakhonwards
    On-Road Price, Sullia
    Check On-Road Price
    Tata Nexon
    Tata Nexon
    Rs. 9.63 Lakhonwards
    On-Road Price, Sullia
    Check On-Road Price
    BMW M5
    BMW M5
    Rs. 2.45 Croreonwards
    On-Road Price, Sullia
    Check On-Road Price
    JUST LAUNCHED
    21st NOV
    BMW M5
    BMW M5
    Rs. 2.45 Croreonwards
    On-Road Price, Sullia
    Check On-Road Price
    JUST LAUNCHED
    21st NOV
    Mercedes-Benz AMG C 63 S E Performance
    Mercedes-Benz AMG C 63 S E Performance
    Rs. 2.40 Croreonwards
    On-Road Price, Sullia
    Check On-Road Price
    JUST LAUNCHED
    12th NOV
    Maruti Suzuki Dzire
    Maruti Dzire
    Rs. 8.20 Lakhonwards
    On-Road Price, Sullia
    Check On-Road Price
    JUST LAUNCHED
    11th NOV
    Skoda Kylaq
    Skoda Kylaq
    Rs. 9.43 Lakhonwards
    On-Road Price, Sullia
    Check On-Road Price
    JUST LAUNCHED
    6th NOV
    Mercedes-Benz AMG G-Class
    Mercedes-Benz AMG G-Class
    Rs. 4.43 Croreonwards
    On-Road Price, Sullia
    Check On-Road Price
    Mercedes-Benz E-Class
    Mercedes-Benz E-Class
    Rs. 96.95 Lakhonwards
    On-Road Price, Sullia
    Check On-Road Price
    Volvo EX40
    Volvo EX40
    Rs. 59.31 Lakhonwards
    On-Road Price, Sullia
    Check On-Road Price
    BYD eMax 7
    BYD eMax 7
    Rs. 28.40 Lakhonwards
    On-Road Price, Sullia
    Check On-Road Price
    Audi Q7 facelift
    LAUNCHING SOON
    Nov 2024
    Audi Q7 facelift

    Rs. 89.00 - 98.00 LakhEstimated Price

    28th Nov 2024Expected Launch

    Get Launch Alert on WhatsApp

    Mahindra XEV 9e
    Mahindra XEV 9e

    Rs. 50.00 - 52.00 LakhEstimated Price

    26th Nov 2024Expected Launch

    Get Launch Alert on WhatsApp

    Mahindra BE 6e
    Mahindra BE 6e

    Rs. 17.00 - 21.00 LakhEstimated Price

    26th Nov 2024Unveil Date

    Get Launch Alert on WhatsApp

    Honda Amaze 2024
    LAUNCHING SOON
    Dec 2024
    Honda Amaze 2024

    Rs. 7.50 - 10.00 LakhEstimated Price

    4th Dec 2024Expected Launch

    Get Launch Alert on WhatsApp

    Toyota Camry 2024
    Toyota Camry 2024

    Rs. 45.00 - 55.00 LakhEstimated Price

    11th Dec 2024Expected Launch

    Get Launch Alert on WhatsApp

    BMW New X3
    BMW New X3

    Rs. 65.00 - 70.00 LakhEstimated Price

    Jan 2025 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Hyundai Creta EV
    Hyundai Creta EV

    Rs. 22.00 - 26.00 LakhEstimated Price

    Jan 2025 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Tata Punch facelift
    Tata Punch facelift

    Rs. 6.00 - 11.00 LakhEstimated Price

    Feb 2025 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Popular Videos

    Mail Image
    Sign up for our Newsletter
    Get all the latest updates from CarWale
    • Home
    • News
    • Mahindra Electric aims to double its production capacity