M&M managing director Pawan Goenka said the company has already invested Rs 600 crore in its electric vehicle (EV) programme and has committed another Rs 700 crore in the next two-three years.
Mahindra & Mahindra on Wednesday unveiled six new electric concept vehicles and models as it showcased its strategy to shape the ‘future of mobility’. The company also lifted cover on its South Korean arm SsangYong’s G4 Rexton SUV, which will be launched in the domestic market later this year under the Mahindra badge. It also showcased the concept of TUV Stinger, a convertible SUV. “As India aspires to global leadership on climate action, the time is right to develop sustainable mobility solutions for the future,” Mahindra Group executive chairman Anand Mahindra said while unveiling the products. “Mahindra’s electric pavilion at the Auto Expo showcases our vision of the ‘future of mobility’, one that offers clean, connected and convenient vehicles to our customers and around the world.”
Mahindra said the auto industry now is at the crossroads faced with challenge of how to redefine itself for playing a bigger role in improving the quality of lives of people. M&M managing director Pawan Goenka said the company has already invested Rs 600 crore in its electric vehicle (EV) programme and has committed another Rs 700 crore in the next two-three years. He said M&M would want the government to give emphasis on faster development of charging infrastructure for electric vehicles and support local manufacturing. The company’s products on display in the EV segment include UDO, a concept two-seater electric mobility pod; ATOM, a last0mile urban mobility concept vehicle, a lithium ion battery-powered three-wheeler, Treo; and e-KUV100, an electric version of its compact vehicle KUV100.
It also displayed e-COSMO electric bus and e2o NXT, which is a refurbished version of its electric small car e2oPlus. On the conventional vehicles front, Goenka said based on customer feedback, the company has decided to bring Ssangyong G4 Rexton in India under Mahindra badge. M&M also showcased its new format next generation ‘dealership of future’ designed by Pininfarina.