Mahindra to invest in high-range electric powertrains

Mahindra and Mahindra is planning to invest heavily in high-range electric powertrains. This is a part of the Indian automaker's expansion plans in the electric mobility domain. The said information was revealed through a BSE filing by the company.

The manufacturer will be electrifying some of its existing products that currently run on fossil fuels. Moreover, the company will be investing in developing electric powertrains that can offer a travel range of around 300 km on a single charge. The existing range of electric vehicles under Mahindra's portfolio have a range of around 100 km.

Mahindra Electric, which is Mahindra's dedicated electric mobility arm, is also working on expanding its monthly production capacity from 400 units to 5,000 units, over a period of two years. This expansion will be a part of the company's plans to be ready for a surge in demand for electric cars in the country.

Mahindra's expansion plans in the EV domain come at a time when the Central Government is working towards increasing the share of electric vehicles on Indian roads. The Government has already indicated its aim to have a fully electric car fleet in the country by 2030. Being the only home grown automaker in the EV market, Mahindra seems to be betting big on this upcoming market transition from fossil fuel to electric mobility.

Source: ET