Mahindra & Mahindra has announced that its investments for electric vehicles has been approved under the Maharashtra Government’s industrial promotion scheme.
The company, through its subsidiary, will invest approximately INR 10,000 crore over 7-8 years for setting up the facility in Pune. Rajesh Jejurikar, Executive Director, Auto & Farm Sectors, said, “We are delighted with this approval from the Government of Maharashtra for setting up our EV plant in Pune.”
The facility will be the home for development and production of M&M’s upcoming Born Electric Vehicles, some of which were showcased in Oxfordshire, UK, in August this year.
Based on the Inglo EV platform, these include the e-SUVs under the iconic brand - XUV with the twin peak logo in copper and the all-new electric-only brand called ‘BEV’.
M&M had recently announced partnerships with three EV infrastructure partners: Jio-bp, Statiq, and Charge+Zone, to offer charging solutions for its upcoming range.
The company had also inaugurated its new design centre of excellence, Mahindra Advanced Design Europe (M.A.D.E), at Banbury, Oxfordshire which will serve as the conceptual hotbed for its EV products.
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