{"id":504558,"date":"2022-07-11T11:40:57","date_gmt":"2022-07-11T06:10:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=504558"},"modified":"2022-07-11T11:40:57","modified_gmt":"2022-07-11T06:10:57","slug":"mahindra-aims-to-lead-electric-suv-sales-with-new-ev-unit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mahindra-aims-to-lead-electric-suv-sales-with-new-ev-unit\/","title":{"rendered":"Mahindra aims to lead electric SUV sales with new EV unit"},"content":{"rendered":"<p>NEW DELHI: Mahindra and Mahindra aims to lead sales of electric sport-utility vehicles (SUVs) in the country, its CEO said on Friday, a day after the automaker raised money for its new electric vehicle (EV) unit at a $9.1 billion valuation.<br \/>\nMahindra and British International Investment (BII) said late on Thursday they will each invest up to $250 million in the EV unit which will focus on four-wheel passenger electric cars.<br \/>\nThe company sells some of India&#8217;s most popular combustion engine SUVs, including the Scorpio and Thar, and now plans to dominate the EV sector with similar models.<br \/>\n&#8220;We are very confident we will take leadership in this space,&#8221; Mahindra chief executive officer Anish Shah said during a press briefing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Mahindra and Mahindra aims to lead sales of electric sport-utility vehicles (SUVs) in the country, its CEO said on Friday, a day after the automaker raised money for its new electric vehicle (EV) unit at a $9.1 billion valuation. Mahindra and British International Investment (BII) said late on Thursday they will each invest up to $250 million in the EV unit which will focus on four-wheel passenger electric cars. The company sells some of India&#8217;s most popular combustion engine SUVs, including the Scorpio and Thar, and now plans to dominate the EV sector with similar models. &#8220;We are [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-504558","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=504558"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504558\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=504558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=504558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=504558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}