Mahindra and Mahindra to Invest Rs 12,000 crore in its EV Unit for 3 Years

Mahindra targets reaching an EV production of 10,000 by FY25 and adding 8,000 more by FY26's end
Mahindra targets reaching an EV production of 10,000 by FY25 and adding 8,000 more by FY26's end
To boost EV in India, the government allocated Rs 57,613 crores for the procurement of 10,000 e-buses
The JV promises more electric trucks with extended lifespans and increased average range of 5-7%
India has around 500 e3w players, but only 13 companies have annual sales of 10,000+ units each
BYD & CATL to supply smaller battery for Nio EV and CALB to provide larger 85kWh battery pack