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Mahindra & Mahindra mulls to set up a plant for EV battery manufacturing

Friday, 16 Feb 2024
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Mahindra & Mahindra (M&M) is mulling to set up a battery plant for its electric vehicles (EVs). The company will be evaluating the viability of a plant and further on explore partnerships.

To take the step forward into the next phase, it may pursue talks with Volkswagen on localising cells in India, as revealed by exexcutive of the Auto & Farm Sector of M&M during the analyst meeting.

M&M, in 2022, collaborated with Volkswagen for a potential alliance to speed up electrification in the country and supply MEB (Volkswagen open platform for EVs) electric components for Mahindra’s EVs. In 2023, Volkswagen announced that it is in advanced talks with the Group for the use of its key MEB components such as the e-drive and the unified cells for its models.

M&M with major plans for EVs in 2025, will introduce Born Electric (BE), XUV.e, and THAR.e, SCORPIO.e and BOLERO.e.

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