Mahindra has planned a 'structured' production ramp-up with timelines for each variant, after it said it had received an 'overwhelming' response from customers.
The two electric brands - XEV and BE - are debuting their flagship products, next week. Mahindra has in the past stated the objective of making India a hub of EV manufacturing.
The homegrown automaker is now looking to up its zero-emission game beginning with the unveil two new electric SUVs-the XEV 9e and BE 6e, at the on November 26, 2024. Jejurikar reaffirmed that e-SUVs will account for 27 percent of M&M's total passenger vehicle sales in the next three years.
VW and M&M are deepening their EV alliance, building on an earlier agreement to use components from the MEB platform. The expanded partnership will see the companies work closely to develop e-SUVs for India and beyond
Hyundai Insert will launch first in South Korea this summer, followed by Europe, the Middle East, and Asia Pacific in due course
Punch EV: The new car aimed at an entirely different segment of buyers, says Shailesh Chandra, who also adds that the overall pace of EV sales growth is expected to begin slowing
The plant's construction is expected to begin this year, and will generate approximately 3,000 to 3,500 jobs locally, the EV maker said
Electric SUVs accounted for 1.3 percent of the overall electric passenger vehicles in CY 2018, and the share has risen to 40.8 percent in CY 2023.
The company expects to sell about 100,000 electric cars in the current financial year, about double the sales of 50,443 units in the previous year.
Bookings for the first fully electric SUV were opened exclusively online and was sold out within a few hours. The car was launched as a completely built-up unit (CBU) at an ex-showroom price of Rs 66,90,000
During the FutureScape event in Cape Town, South Africa, the company also introduced the notion of Thar.e — an 'inaugural offroad-compatible' electric sports utility vehicle (e-SUV)
Thar.e's price and date for the launch of sales has not been announced. "We will electrify all our ICE brands over a period of time. Today, you see Thar.e as a concept. Bolero.e and Scorpio.e is still some time away," M&M Executive Director Rajesh Jejurikar said.
Earlier, Odisha Renewable Energy Development Agency (OREDA) has invited bids to provide electric vehicle (EV) fleet services for 300 EVs on an own, operate, and maintain basis, according to various reports.
With the addition of SUVs in their EV or electric vehicle line-up, most high-end carmakers foresee 15-25 percent of their overall sales coming from non-ICE or internal combustion engine models