Automotive manufacturer Mahindra & Mahindra (M&M) has begun talks with various state governments in India to set up new EV manufacturing infrastructure for its upcoming range of electric sports utility vehicles.
M&M, which has lined up five new electric Sports Utility Vehicles (SUVs) with the first four expected to hit the roads between December 2024 and 2026, will evaluate incentives offered by different state governments before finalizing strategy for the production of these EVs.
“One of the criteria to make that decision (electric vehicle production) is the kind of subsidies we may get from the state governments. So, we are waiting to go through that process and will keep two-three options open before firming up our manufacturing strategy,” M&M Executive Director Rajesh Jejurikar said in an interaction.
M&M has already started discussions with a few state governments regarding the production of the new electric SUV range, he said without naming the states.
M&M rolls out its conventional ICE (Internal Combustion Engine) vehicles from plants in various states, including Maharashtra and Tamil Nadu.
The company also plans to introduce the five electric SUVs under XUV and the ‘BE’ which is a new all-new electric-only brand.
The legacy brands of M&M will fall under the XUV model while the new electric models would be established under the BE lineage.
