Mahindra In Talks With Many States For Electric Vehicle Production Site
NDTV
Mahindra has lined up five new electric Sports Utility Vehicles with the first four expected to hit the roads between December 2024 and 2026, will evaluate incentives offered by different state governments before finalising strategy for production of these EVs.
Mahindra & Mahindra has initiated talks with various state governments in India to set up manufacturing infrastructure for its upcoming range of electric sports utility vehicles, according to a top company official.
The automaker, which has lined up five new electric Sports Utility Vehicles (SUVs) with the first four expected to hit the roads between December 2024 and 2026, will evaluate incentives offered by different state governments before finalising strategy for production of these EVs.
"One of the criteria to make that decision (electric vehicle production) is the kind of subsidies we may get from the state governments. So, we are waiting to go through that process and will keep two-three options open before firming up our manufacturing strategy," M&M Executive Director - Auto and Farm Sectors - Rajesh Jejurikar said here in an interaction.
The company has already started discussions with a few state governments regarding the production of the new electric SUV range, he said without naming the states.
