Thursday, 25 May 2017

Mahindra & Mahindra to build long-range electric vehicles

Automaker Mahindra & Mahindra will invest in building long-range electric vehicles, high-power battery packs and power trains in an effort to boost green car sales, senior company executives said on Wednesday. Mahindra plans to ramp up production of its electric vehicles to 5,000 units a month by mid-2019 from 400 units currently and will invest in making batteries that enable cars to run for 400 kilometres on a single charge, managing director Pawan Goenka said. He did not disclose the investment Mahindra would make. The announcement comes days after a government think-tank released a policy blueprint favouring electric vehicles, which could influence a new green car policy.

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