EV Mechanica

Subscribe to EV Mechanica's Current Newsletter & never miss an update!

    Close Menu
      Facebook X (Twitter) Instagram
      EVMechanicaEVMechanica
      EVMechanicaEVMechanica
      • Home
      • News
        • E-Mobility
        • EV Battery
      • Charging Stations
      • Policy
      • Research
      • Interview
      • Jobs
      • Events
      • E-Mag
      • Subscription
      Facebook YouTube LinkedIn WhatsApp
      EVMechanicaEVMechanica
      Home » $121 Mn Investment to Establish EV Facility Planned by M&M

      $121 Mn Investment to Establish EV Facility Planned by M&M

      Aishwarya SaxenaBy Aishwarya SaxenaFebruary 10, 2023 E-Mobility 1 Min Read
      Share
      Facebook Twitter LinkedIn WhatsApp

      Indian automaker Mahindra and Mahindra Ltd has announced an investment of Rs 10 billion ($121 million) to set up a manufacturing facility in the southern state of Telangana to make electric three- and four-wheelers.

      Investment The investment will be made over eight years at the company’s Zaheerabad plant to develop its last-mile mobility business, such as cargo and passenger vehicles, Mahindra said in a regulatory filing.

      The company has signed an agreement with the Telangana government for approvals to expand the plant.

      Mahindra has stepped up its investment to bolster its EV capacity as the Indian government aims to increase the share of electric vehicles by the end of this decade.

      In December, the company unveiled plans to invest 100 billion rupees to set up an EV manufacturing plant near the western city of Pune, taking on rival Tata Motors Ltd which dominates India’s EV market.

      EV capacity EV manufacturing plant Indian government Mahindra and Mahindra Ltd news passenger vehicles Tata Motors Ltd
      Share. Facebook Twitter LinkedIn WhatsApp
      Aishwarya Saxena

      More article from Aishwarya Saxena

      Keep Reading

      Kia Unveils Affordable EV4 Fastback With 380-Mile Range

      Tesla Set to Launch Model 3+ With 800km Range

      Honda Super EV Concept Debuts at Goodwood Festival

      Leave A Reply Cancel Reply

      twelve + sixteen =

      E-MOBILITY

      Kia Unveils Affordable EV4 Fastback With 380-Mile Range

      July 18, 2025

      Tesla Set to Launch Model 3+ With 800km Range

      July 18, 2025

      Honda Super EV Concept Debuts at Goodwood Festival

      July 18, 2025

      Youdha EPOD EV Three-Wheeler Eyes ₹1,000 Crore by 2030

      July 18, 2025

      Articles

      Turn Land Into Revenue with EV Charging Station Franchises

      In 2025, electric vehicle (EV) industry in India is rapidly growing, with rising adoption of…

      EV Subsidies in India: Who Truly Benefits from the Green Push?

      India is advancing rapidly in electric mobility mainly due to strong government backing to EV…

      Delhi’s Fuel Ban Flip-Flop: A Policy Failure in Motion

      Introduction: A Capital Confusion Delhi government took a U-turn on its decision to implement the…

      © 2025 EVMechanica.com.
      • Home
      • About Us
      • Contact Us
      • Subscription

      Type above and press Enter to search. Press Esc to cancel.