Mahindra & Mahindra (M&M) has reportedly announced the ramp-up of a new facility at Chakan, Pune that will expand capacity of creating battery packs for its electric vehicles, as part of a strategy to scale up production of EVs in India and bring down cost. The production of electric vehicles (EVs), in essence, depends on the availability of batteries for the same. While M&M imports battery cells, it assembles the battery packs in India at its facility in Bengaluru that can do 400-500 units per month.
As part of the roadmap for increasing capacity for battery assemblage, the auto major will first double capacity to around 1000, and then with the new facility coming on stream in two years, churn out battery packs at the rate of 5000 per month.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.