Mahindra to open new EV manufacturing plant in Pune, will invest Rs 1,000 crore

Mahindra & Mahindra has announced that the automaker will open a new electric vehicle manufacturing plant in Pune, Maharashtra.Automakers will invest in ¥10,000 crore for new EV facilities and the investment has been approved under the Maharashtra Government’s Electric Vehicle Industry Promotion Programme.

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Sameer Fayaz Contractor

Updated on:
December 14, 2022 at 12:20 am

The new factory will produce electric SUVs for Mahindra under the Born Electric and XUV sub-brands (pictures are for demonstration purposes)

Commenting on the announcement, Rajesh Jejurikar, Executive Director, Automotive and Farm Sector, Mahindra & Mahindra, said, “We are delighted to have the government’s approval. Thanks to Maharashtra for setting up our EV manufacturing plant in Pune and investing in The state that has been our ‘home’ for over 70 years. We are very grateful to the government. Maharashtra for its continued support. The government’s focus on ‘ease of doing business’ and progressive policies, coupled with Mahindra’s investment, Harashtra becomes a catalyst for EV hub in India, attracting more Indian and FDI.”

Also read: In pictures: Mahindra XUV.e9 and BE.05 electric SUVs

Mahindra plans to launch at least five electric SUVs under BE and XUV sub-brands from 2024

Mahindra plans to launch at least five electric SUVs under BE and XUV sub-brands from 2024

The automaker launched its new electric vehicle “BE” brand on August 15 this year in Oxfordshire, England. The new BE car marks a new chapter in Mahindra’s EV program and will be based on the newly developed INGLO EV platform. The new EV architecture will spawn a range of future electric SUVs under the BE brand, and will also lead to a new electric SUV under the “XUV” brand.

First published date: December 14, 2022 at 12:04pm CST

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