New Delhi. While the demand and sales of petrol-diesel vehicles have seen a decline in the recent past due to the high price of petrol-diesel in India, the demand and sales of electric vehicles have increased. In view of this increasing popularity and demand for electric vehicles in the country, companies of the country and abroad are preparing plans for a large scale electric vehicle market in India. These include Mahindra Motors, one of the largest carmakers in the country. According to the report, for the coming time, the company has prepared a big plan for the EV (Electric Vehicle) segment, work on which has also started.
heavy investment
Keeping in view the rapidly increasing demand for electric vehicles, the company’s electric vehicle division Mahindra Electric has planned to invest Rs 300 crore in this segment. Along with this, the company has also issued an order to double the production.
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Plans to launch 6 new electric vehicles
The company plans to expand its electric portfolio by launching 6 new electric vehicles in the country in the coming years. The company wants to strengthen its hold in the electric vehicle segment in the coming time.
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All necessary steps are being taken
Suman Mishra, CEO, Mahindra Electric Mobility, while talking about this recently informed that the production capacity at the company’s Bengaluru factory may soon touch around 30,000 units. According to the report, the company can produce and sell around 1 lakh electric three-wheelers a year by 2024-2025, for which planning and vendor base is already being prepared and strengthened. Also, given the increasing demand, the company can again do wonders to surpass sales on a year-to-year basis in the next quarter. For this the company is taking all necessary steps.
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