Mahindra & Mahindra plans to roll out three new electric vehicles
Mumbai: Mahindra & Mahindra, which reported on Wednesday a 52.56% decline in consolidated profit after tax to ₹894.11 crore in the first quarter ended June 30 due to lower volume growth, has said it plans to roll out a range of new electric vehicles.
At the same time, chairman Anand Mahindra at the company’s 73rd annual general meeting said there is a “tectonic shift” occurring in the industry and the time is ripe for that shift.
He said that the task of going all EVs is achievable and India has the potential to become a hub for these vehicles. “To come back to the joint road-map, I can see a clear and achievable goal to make India the global hub for EVs,” Mahindra said.
