Mahindra exploring hybrid technology for its future products

Mahindra is looking at hybrid technology closely but its focus remains on EVs.

Mahindra has announced that it is exploring hybrid technology for its future products. However, the carmaker has clarified that it will only start developing hybrid models if there’s sufficient demand.

While speaking with the media, Anish Shah, Group CEO of Mahindra Group, stated that while the company is looking at hybrid technology closely, its focus remains on EVs.

Shah said, “From a consumer demand standpoint, if they (hybrids) become a bigger factor, we would be ready for that. We view hybrids as an extension of ICE.” He went on to add, “If there are significant changes in hybrid technology, that make it much more like an EV, then that's something we would go with much faster. At this point in time, we feel good about the focus on EVs, we are ready for hybrids, and are looking at hybrid technologies closely.”

Mahindra will invest Rs 12,000 crore into its EV business over the next 3 years. The carmaker plans to launch 16 new SUVs in India by 2030, including seven EVs.