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Mahindra Electric, part of $17.8 billion Mahindra Group, is expecting its manufacturing plant in Karnataka to reach its capacity of 5,000 units by next year. The development comes on the backdrop of the company launching four new products last year.
Speaking on the sidelines of new electric city smart car e2oPlus launch in Chennai, Mahesh Babu, chief executive officer, Mahindra Electric said that the company had a capacity of 2,000 units last year and increased the capacity to 5,000 units a year recently.
"We are expecting that we will reach the capacity in this year," said Babu, who declined to share any
