Mahindra to venture into electric car market; 5 year 'Mega Plan'

After the Scorpio-in (Scorpio N), Mahindra & Mahindra is gearing up to launch some more new SUVs in the Indian market. Now the company has made a plan to focus on Electric Mobility (Electric Vehicle).

By 2027, Mahindra & Mahindra Company may launch as many as 8 electric cars in the country. The eXUV300 may be the first car to hit the market. The company is making moves to upgrade this car and launch it under the name XUV400.

Currently, Mahindra & Mahindra Company is all set to launch its first electric car in the market. The company may launch the XUV 400 in the market in the next two months. Mahindra eKUV 100 is also likely to be launched after a few months.

Mahindra & Mahindra first showcased the EKUV100 at the 2020 Auto Expo. The company had announced the price of this car at Rs 8.25 lakh. But Mahindra's electric car is yet to go on sale.

At the previous Auto Expo, Mahindra launched the eKUV 100 with a 15.9 KWH battery pack. It is a front axle single electric motor. The company claims that this car will easily cover a distance of 150 km on a single full charge.

The company had said that it takes five and a half hours with a normal charger and 55 minutes with a fast charger to fully charge the battery of this car. The company will upgrade its first electric car and launch it in the market.

The electric vehicle market has undergone major changes since last 2 years. Competition in electric vehicles is increasing day by day. There are many cars in the market which are several times better than the Mahindra eKUV 100 launched at Auto Expo 2020.

Mahindra may introduce 3 new options in electric vehicles in the next few months. These cars will be built on the Born Electric platform. Mahindra recently announced a partnership with Volkswagen. So that the use of EV technology in electric vehicles

Mahindra & Mahindra Company has received an investment of 1 thousand 925 crores from British International Investment for the production of electric vehicles. The number of electric vehicles in India is increasing day by day.

The state and central government have implemented several facilities and programs for the growth of EV cars in the country. In it, the central government has reduced the GST on battery packages to 5 percent instead of 18 percent. That means, 13 percent GST savings will be made for EV car buyers.