Already, the Mahindra group has invested Rs. They have invested Rs.1700 crore in E-vehicles. Further, they invested Rs. 500 crore to develop a new Research centre.
In India, electric vehicles are gaining popularity. Many manufacturers have embraced this business. Tata Motors, a local brand, has taken the initiative to create an electric car made in India. The group plans to invest in E-Vehicle.
Commenting on the statement of Mahindra & Mahindra Group CEO, "For EVs, we are going to spend Rs 3,000 crore more than what we have discussed." He stated that the group was also developing an EV Platform.
He added that the group has capability in Detroit, Automobili Pininfarina, and formula E. Mahindra plans to create an EV Platform by combining all of these.
Already, Rs. They have invested Rs.1700 crore in E-vehicles. Further, they invested Rs. They also invested Rs. 500 crore in the construction of a new Research Center. It has also established an electric type equipment plant in Bengaluru, which produces motors and battery packs.
To produce the electric cars in India, it has also invested in manufacturing units at its Chakan plant. Mahindra displayed an electric XUV300 at Auto expo 2020. However, the manufacturer has not confirmed when the production-ready version of the XUV 300 will be available for sale.
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