Mahindra and Mahindra to set up EV manufacturing plant, in talks with many states in India
Mahindra and Mahindra has initiated talks with various state governments in India to set up the infrastructure for manufacturing for its upcoming range of Electric Sports Utility Vehicles (SUVs). A top official of the company has given this information.
The automaker recently took the wraps off its five new electric sports utility vehicles (SUVs). In which four she is preparing to hit the streets between December 2024 and 2026. The company will evaluate the incentives given by various state governments before finalizing the strategy for production of these EVs.
According to PTI, Rajesh Jejurikar, executive director – auto and farm sector – M&M, said in an interaction in London, “One of the criteria for making that decision (electric vehicle production) is the subsidy we get from the state governments. So, We look forward to going through that process and will keep two-three options open before we consolidate our manufacturing strategy.”
Without naming the states, he said that the company has started discussions with some state governments regarding the production of the new electric SUV range.
The automaker rolls out conventional ICE (internal combustion engine) vehicles from its plants in various states including Maharashtra and Tamil Nadu.
Asked whether Mahindra & Mahindra will produce at its existing passenger vehicle manufacturing plants or look for a new plant for electric SUVs, he said, “We are open to many options. I am not saying that subsidy That would be the only criterion but certainly a criterion in deciding where to build.”
“We are not concerned about whether this will be common with ICE vehicles, but we will certainly put a filter of the subsidy we receive for investment in the decision-making process,” he added.
Jejurikar, however, said Mahindra & Mahindra would prefer a state that already has a ready-made automotive manufacturing infrastructure.
He said, “It has to be in an automotive hub. So, we are clearly not going to a state that has no automotive ecosystem. We now have enough states with such ecosystems that will focus on attracting EV investment,” he said. We are concentrating. We will evaluate all three — four different options,” he said.
The automaker plans to introduce five electric SUVs under two brands – XUV and BE. BE is an all-new electric-only brand in this.
These electric vehicles are – XUV.e8, XUV.e9, BE.05, BE.07 and BE.09. These SUV cars from Mahindra are based on the new state-of-the-art INGLO EV platform which uses Volkswagen’s MEB platform component. Along with this, Mahindra has also presented its vision for the future of electric mobility. The first four of these e-SUVs will be launched from the Indian market between 2024 and 2026.
