Mahindra Electric EV 2.0 - New Roadmap for Electric Vehicles in India

Mahindra Electric EV 2.0 – New Roadmap for Electric Vehicles in India

Mahindra Electric has announced a new aggressive strategy with an aim to claim 8-10% share of total electric vehicles in India over the coming 4 to 5 years.

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Mahindra Electric has unveiled a comprehensive technology and product roadmap which as the company states will lead the way for the next generation of electric vehicles. Referred to internally as EV 2.0, investments into the arena of speeding up manufacturing and charging infrastructure will be made while there will also be large scale development of state of the art electric powertrains, motor controllers and systems integration besides new and improved battery technology.

Mahindra Electric is a pioneer in development and manufacture of electric vehicles and is a part of the USD 17.8 billion Mahindra Group. The company has shown deep concern and making concerted efforts for clean air, to combat urban congestion and ways to combat rising fuel import bills.

Dr. Pawan Goenka, MD of Mahindra & Mahindra and Chairman of Mahindra Electric has stated that this is the right time for greater emphasis on electric vehicles which with Mahindra technology and products should meet with success in India. The company is in talk with both the Central and State Governments besides municipal bodies and private parties to set up an efficient electric vehicle ecosystem. Investments in this segment are been augmented with next generation of electric vehicle technologies and new products which will see much demand both for private and public means of transport.

According to Mahesh Babu, CEO, Mahindra Electric, “At Mahindra Electric our focus goes beyond just developing electric vehicles as we strive towards investing in next generation technology solutions and globally competitive products, to drive faster adoption of electric vehicles. With EV 2.0 we have laid out a clear roadmap for electric mobility in India, at par with our global counterparts and are future ready to set out for the next phase of our EV journey”.

Mahindra is the largest electric car brand in the country. As of today, there are over 2,700 Mahindra electric vehicles on Indian roads. These together have clocked 40 million kms.

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