Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, has decided to invest Rs 10,000 crore under the Maharashtra Government’s industrial promotion scheme in its electric vehicles (EVs) plant in Pune.
The company, through its subsidiary, will make investments of Rs 10,000 crore over a period of 7-8 years for setting up the manufacturing facility, development and production of Mahindra’s upcoming Born Electric Vehicles (BEVs). Some of these vehicles were showcased in Oxfordshire, UK, on August 15, 2022.
Based on the state-of-the-art INGLO EV Platform, these include the e-SUVs under the iconic brand – XUV with the Twin Peak logo in copper and the all-new electric-only brand called ‘BE’.
