Mahindra & Mahindra plan to invest in high-end electric powertrain technology

For the Group's future line up of electric vehicles

Mahindra & Mahindra announced that the Company plans to invest directly and/or through its subsidiary(ies) in -

- high-end electric powertrain technology as part of its plan for the future of mobility; and

- electrification of some of its existing and future products

The investments will also be utilised towards increasing the capacity for electric powertrains and electric vehicles.

The high end electric powertrains will be used for the Group's future line up of electric vehicles.

As the pioneers of electric vehicles in the country, the Group is committed towards making electric vehicles more accessible in order to build a clean and green tomorrow.

The Company's announcement is in line with its efforts to accelerate the transformation as well as be in-sync with the Government of India's thrust on promoting hybrid and electric mobility in the country, through the ambitious National Electric Mobility Mission Plan 2030.

Powered by Capital Market - Live News