Mahindra Electric plans to double production capacity, to add half a dozen models
Playing catch-up in the personal electric mobility space, Mahindra Electric is aiming to march ahead in the last-mile mobility segment. Led by strong demand, the company is planning to double its production capacity and it is in the midst of expanding its product portfolio, which will entail an addition of close to half a dozen new vehicles, across electric three and four wheelers (quadricycles).
According to people in the know, the company is likely to invest close to ₹300 crore for its last-mile mobility business which is about 10% of its allocated EV biz investment.
