The new automotive sector scheme, however, has been under discussion since mid-2020 to provide a more focused approach NEW DELHI: India plans to offer fresh incentives to companies making electric vehicles (EVs) as part of a broad auto sector scheme it expects to attract $14 billion of investment over five years, according to industry sources […]
Amazon India partners with Mahindra Electric to expand EV fleet
In September 2019, Amazon.com Inc. became one of the first signatories of the Climate Pledge, which states that the company will be a net zero carbon by 2040 across its businesses. BENGALURU: Amazon India on Tuesday said it has partnered Mahindra Electric to strengthen its commitment to electric mobility in the country, as it looks to add […]
Electric vehicles to overtake gas guzzlers in India by 2030: Mahindra
Mahindra reported its first quarterly loss in nearly two decades last year as an economic slowdown in India squeezed purchasing power Electric-vehicle sales should overtake gas guzzlers in India by the end of the decade as prices become more aligned and infrastructure and technology improves, hopefully with help from the government, according to Mahindra & […]
Electric vehicles to dominate in India by 2030, Mahindra says
Electric-vehicle sales should overtake gas guzzlers in India by the end of the decade as prices become more aligned and infrastructure and technology improves, hopefully with help from the government, according to Mahindra & Mahindra Ltd. Electric-vehicle sales should overtake gas guzzlers in India by the end of the decade as prices become more aligned […]
Ford, Mahindra to scrap previously announced automotive joint venture
New Delhi : US auto major Ford Motor Co on Friday said it and India”s Mahindra & Mahindra have decided to scrap their previously announced automotive joint venture and it will continue its independent operations in India as it is. The two companies determined that they will not complete a previously announced automotive joint venture […]
World EV Day: Mahindra, Okinawa commit to more electric vehicles, charging infrastructure
Considering that every single day, there are a bunch of new electric companies cropping up and introducing new products, many manufacturers stressed on the importance of EV adoption and charging stations. Manufacturers are slowly turning towards making their existing products into electric or perhaps planning all new cars/bikes. We have companies like Mahindra with existing […]
Mahindra Jumps Into Urban Mobility, Challenges Ola, Uber With Cab Aggregator Service
Ola and Uber are currently the only two online cab aggregating services in India, and the competition amongst them is huge! Well, there will soon be another cab aggregator to jump into the war, and this one will be launched by one of India’s most powerful businessmen – Anand Mahindra of the Mahindra & Mahindra […]
Mahindra Has Retailed Almost 2000 Electric Vehicles In October 2019
Mahindra has cumulatively sold almost 2000 units of the e-Verito electric sedan and the e-Alfa Mini & Treo electric three-wheelers during the month of October 2019. Mahindra Electric, the EV arm of the utility vehicle manufacturer, Mahindra and Mahindra has retailed almost 2000 electric vehicles in India, in October 2019. According to a social media […]
India’s Mahindra calls for urgent shift to electric vehicles
Cleaner technology needed to solve world’s worst air pollution and reduce oil dependence India needs radical measures to accelerate a shift to electric vehicles but the transition will cause significant economic pain, said Anand Mahindra, whose $20bn Mahindra Group is one of the country’s largest automobile manufacturers. Mr Mahindra, whose group established a footing in […]
Mahindra open to partnership to manufacture EV batteries in India
With the Union Budget 2019 showing a marked preference for electric mobility in the automotive industry, Mahindra & Mahindra will be one of the prime beneficiaries of this form of green motoring. Having acquired EV manufacturer Reva Electric Car Company in 2010, Mahindra then began manufacturing entire EV powertrains its state-of-the-art plant in Bengaluru. In […]