Mahindra to build BEV factory in Pune
Mahindra has announced an electric vehicle manufacturing facility in Pune in the Indian state of Maharashtra and plans to invest the equivalent of Rs. 1.14 billion for the purpose over a period of seven to eight years.
The investment of Rs. 10,000 crore (approx. €1,137,700) will be accompanied by an industrial promotion programme for electric vehicles by the Maharashtra government, Mahindra said. However, the exact amount of the subsidy is not quantified. The budget will be used to build the production facility, but also to fund the development and production of Mahindra’s ‘Born Electric Vehicles’.
These vehicles are based on Mahindra’s Inglo EV platform, which, however, also uses MEB components from Volkswagen. These include, for example, electric drives and battery systems. According to earlier information, Mahindra will contribute the chassis, body and interior, including infotainment. However, this is not mentioned in the current announcement about the plant in Pune.
Mahindra had earlier created two brands called XUV and BE for the Inglo EV-based vehicles. The models will be called XUV.e8, XUV.e9, BE.05, BE.07 and BE.09, and the first four of these electric SUVs are expected to be launched between 2024 and 2026.
“We are delighted with this approval from the Govt. of Maharashtra for setting up our EV Manufacturing Plant in Pune, and investing in what has been our ‘home’ state for over 70 years,” said Rajesh Jejurikar, Executive Director, Auto & Farm Sectors, Mahindra & Mahindra. “We are very thankful to the Govt. of Maharashtra for their continued support.”
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