Mahindra & Mahindra (M&M) is planning to invest directly and/or through its subsidiary in high-end electric powertrain technology as part of its plan for the future of mobility; and in electrification of some of its existing and future products. The investments will also be utilised towards increasing the capacity for electric powertrains and electric vehicles.
The high end electric powertrains will be used for the Group’s future line up of electric vehicles. As the pioneers of electric vehicles in the country, the Group is committed towards making electric vehicles more accessible in order to build a clean and green tomorrow.
This is in line with the company’s efforts to accelerate the transformation as well as be in-sync with the Government of India’s thrust on promoting hybrid and electric mobility in the country, through the ambitious National Electric Mobility Mission Plan 2030.
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.