Mahindra CEO sees US entry for new electric vehicles at least 5 years away
Mahindra and Mahindra, one of India’s oldest automakers, aims to sell its new family of electric SUVs around the globe, but an entry into the US market won’t happen until later in the decade, the chief executive told Reuters.
“I don’t see us launching in the US in the next five years,” Anish Shah, Mahindra’s CEO and managing director, said Tuesday in an interview.
A US market entry “could likely be longer than five years because we have to win in some of our key markets first,” including Europe, he added.
Shah said Mahindra, as part of its long-range strategy, is considering whether to build vehicles in North America, to take advantage of incentives built into the US Inflation Reduction Act.
