M&M ready to participate in electric 3-wheeler & buses bid: Pawan Goenka

CNBC-TV18’s Anshu Sharma caught up with Mahindra and Mahindra’s (M&M) MD, Pawan Goenka and asked him about what he makes of Tata Sons Chairman N Chandrasekaran's comments in an exclusive chat with CNBC-TV18 that Tata Motors will make profit of 10 lakh per unit for the e-vehicle tender that they recently won from ESSL and if the company was looking to reduce cost.

Tata Motors has thrown a new challenge to us on EESL bids, he said.

We have to localise the battery, converters, chargers, the motor and we are getting into each one of these things with target right now about 5,000 per month capacity and investing for each of these components, he added.

M&M has been in electric vehicles for six years now, said Goenka.