Mahindra has signed two Memoranda of Understanding (MoUs) with the Government of Maharashtra to deploy 1,000 EVs over the next 1 year across key cities of the state.
Under the aegis of the first MoU, the company will further invest in its Chakan plant for manufacture of EVs, e-motor, controller, battery pack and other electric vehicle components for multiple mobility applications related to battery pack assembly of EVs. As part of this expansion plan, the company will invest an additional Rs 500 crore.
The second MoU underlines the intent to explore a strategic alliance to enable Mahindra to deploy EVs across key cities in Maharashtra. Towards this, both the company and the Government will work closely with various fleet partners, taxi aggregators, logistics companies, among others to deploy 1,000 electric cars over the next 1 year.
Pawan Goenka, MD, Mahindra & Mahindra Ltd. said, “We are delighted to announce the next phase of our EV expansion plans at Chakan and would like to thank the Government of Maharashtra for their continuous and unstinted support. At Mahindra we have pioneered the sustainable mobility cause in India and have remained committed to it for almost a decade. Now, we are investing further in next generation EV technology solutions and are actively engaging with the ecosystem stakeholders, both private and public to drive faster adoption of electric vehicles. The Government of Maharashtra recognizes this fact and we are delighted to make the state a key partner in our growth over the coming years.”
The first deployment of EVs, as part of the MoU, will see 25 e2o Plus vehicles ported on the Zoomcar platform in Mumbai, on the occasion of World Environment Day.
The company will also liaison with technology partners for motor controller, power electronics, battery pack, drivetrain and other parts and components, which are currently being imported.