{"id":543393,"date":"2022-12-15T10:38:14","date_gmt":"2022-12-15T05:08:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=543393"},"modified":"2022-12-15T13:52:05","modified_gmt":"2022-12-15T08:22:05","slug":"mahindra-to-invest-rs-10000-crore-to-set-up-ev-plant","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mahindra-to-invest-rs-10000-crore-to-set-up-ev-plant\/","title":{"rendered":"Mahindra to invest Rs 10,000 crore\u00a0to set up EV plant"},"content":{"rendered":"<p>Indian automaker\u00a0Mahindra\u00a0and\u00a0Mahindra\u00a0Ltd said on Wednesday it would invest Rs 10,000 crore ($1.21 billion) to set up an electric vehicle manufacturing plant in Pune as part of its aggressive push in the country&#8217;s EV space.<\/p>\n<p>India&#8217;s car market is tiny compared to its population, with electric models making up just one per cent of the total annual car sales of about 3 million, but the government wants to grow this to 30 per cent\u00a0by 2030.<\/p>\n<p>The Mumbai-headquartered conglomerate said it had gotten approval for the investment from the Maharashtra state government and would spread the investment over a 7-8 year period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian automaker\u00a0Mahindra\u00a0and\u00a0Mahindra\u00a0Ltd said on Wednesday it would invest Rs 10,000 crore ($1.21 billion) to set up an electric vehicle manufacturing plant in Pune as part of its aggressive push in the country&#8217;s EV space. India&#8217;s car market is tiny compared to its population, with electric models making up just one per cent of the total annual car sales of about 3 million, but the government wants to grow this to 30 per cent\u00a0by 2030. The Mumbai-headquartered conglomerate said it had gotten approval for the investment from the Maharashtra state government and would spread the investment over a 7-8 year period.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-543393","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/543393","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=543393"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/543393\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=543393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=543393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=543393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}