Mahindra to invest Rs. 10,000 crore in new EV plant in Pune

volkman10 · 14th December 2022, 12:36

Mahindra to set up Rs 10,000 crore EV plant in Pune.

Mahindra to invest Rs. 10,000 crore in new EV plant in Pune-1.jpg

Quote:

Mahindra & Mahindra has announced that its investment of Rs. 10,000 crore for electric vehicles has been approved under the Maharashtra Government’s industrial promotion scheme for Electric Vehicles.

The company, through its subsidiary, will make investments of approximately Rs. 10,000 crore over a period of 7-8 years for setting up the manufacturing facility, development, and production of Mahindra’s upcoming Born Electric Vehicles (BEVs), some of which were showcased in Oxfordshire, UK, on August 15, 2022.

Based on the state-of-the-art INGLO EV platform, these include the e-SUVs under the XUV brand with the Twin Peak logo in copper and the all-new electric-only brand called ‘BE’.

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Aditya · 14th December 2022, 17:29

Mahindra to invest Rs. 10,000 crore in new EV plant in Pune - Post moved to a new thread.

Contrapunto · 15th December 2022, 10:23

I have been reading that it is much cheaper to set up a greenfield EV plant than extensively recast, rejig and retool an existing ICE plant . Stellantis just shut their most automated ICE plant in US. Ford and GM are also setting up new factories, in different states altogether.

I hope Mahindra will be able to retrain some of their employees. Also the employees will be flexible on relocation and retraining. But whatever it is, I think this scenario will cover only a small percentage of employees. Typically, the younger, better educated ones will shift to EV line duties. Large layoffs will be inevitable. Neither the government nor the companies are being transparent about this inevitability. Both can, and should do more. Else, with large-scale labour unrest, we will lose 2-3 large Indian companies and the market will be completely overrun by new, well funded Chinese brands like MG, BYD without legacy baggage.

sharathkamath04 · 15th December 2022, 17:08

Rs. 10,000 crores in a new EV plant in Pune is good. But isn't it too risky with no single car running yet on the road?

What if the partnership with VW falls off (like MnM's past JVs) and they have to rebuild the entire supply chain and assembly?

14th December 2022, 17:29	#2
Aditya Team-BHP Support Join Date: Feb 2004 Location: Mumbai Posts: 19,535 Thanked: 84,303 Times View My Garage	Re: Mahindra to invest Rs. 10,000 crore in new EV plant in Pune Mahindra to invest Rs. 10,000 crore in new EV plant in Pune - Post moved to a new thread.
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15th December 2022, 10:23	#3
Contrapunto BHPian Join Date: Nov 2012 Location: Hyderabad Posts: 666 Thanked: 1,083 Times	Re: Mahindra to invest Rs. 10,000 crore in new EV plant in Pune I have been reading that it is much cheaper to set up a greenfield EV plant than extensively recast, rejig and retool an existing ICE plant . Stellantis just shut their most automated ICE plant in US. Ford and GM are also setting up new factories, in different states altogether. I hope Mahindra will be able to retrain some of their employees. Also the employees will be flexible on relocation and retraining. But whatever it is, I think this scenario will cover only a small percentage of employees. Typically, the younger, better educated ones will shift to EV line duties. Large layoffs will be inevitable. Neither the government nor the companies are being transparent about this inevitability. Both can, and should do more. Else, with large-scale labour unrest, we will lose 2-3 large Indian companies and the market will be completely overrun by new, well funded Chinese brands like MG, BYD without legacy baggage.
	(1) Thanks

15th December 2022, 17:08	#4
sharathkamath04 BHPian Join Date: Aug 2022 Location: Bengaluru Posts: 122 Thanked: 295 Times	Re: Mahindra to invest Rs. 10,000 crore in new EV plant in Pune Rs. 10,000 crores in a new EV plant in Pune is good. But isn't it too risky with no single car running yet on the road? What if the partnership with VW falls off (like MnM's past JVs) and they have to rebuild the entire supply chain and assembly?
	(1) Thanks