Mahindra Electric to invest in globally competitive EV technology & new products

Mumbai, 24 May 2017: Mahindra Electric has unveiled a comprehensive technology and product roadmap leading to the next generation of Electric Vehicles, which the company internally refers to as EV 2.0. With increasing concerns over clean air, urban congestion and rising fuel import bills, electric mobility is set to become mainstream. The Indian Government is also actively pursuing rapid adoption of electric vehicles, for private as well as public – shared mobility.

L to R: Mr Mahesh Babu, CEO, Mahindra Electric & Dr Pawan Goenka, Chairman, Mahindra Electric at the EV 2.0 briefing

Recognising this fact, Mahindra now offers a range of EVs, suitable for personal as well as shared and last mile connectivity. At the same time, it is investing in next generation EV technology solutions which will deliver longer range, higher speeds and the next generation of connected car technologies.

Mahindra is also actively engaging with the ecosystem stakeholders – both private and public, to drive faster adoption of electric vehicles. This includes setting up of charging infrastructure and fleet operations, delivering mobility as service. The connected car solution that is already rolled out will serve as the building block for smart mobility in the smart cities, which are currently under development.

EV 2.0 will see the company make investments to ramp up manufacturing and charging infrastructure and to develop new, high-end electric powertrains, motor controllers, systems integration and battery technology. Earlier this year, Mahindra Electric adopted a more aggressive stance in electric mobility when it moved from being an electric vehicle manufacturer to a provider of next generation mobility solutions. In line with this, the company also underwent a change in nomenclature to Mahindra Electric Mobility Limited.