Auto major Mahindra on Friday detailed its plans to go electric with eXUV400
which is expected to be launched in September 2022.
After taking over Reva, they formed Mahindra Electric and introduced cars like e2O and e2O Plus.
These were also launched in international markets. But sales failed to meet expectations. And soon these were discontinued.
Fast forward to 2022, Tata Motors has become the leading electric car maker in India.
Their Nexon EV is a huge hit. Mahindra is nowhere to be seen in the passenger electric car segment
But that is soon going to change. New Mahindra EV Company Mahindra has announced the formation of a new EV subsidiary.
This new Mahindra EV company will launch electric 4 wheel vehicles for the global market.
Mahindra has already received Rs 1,925 crore investment for the same from British International Investment (BII).
Mahindra has already received Rs 1,925 crore investment for the same from British International Investment (BII).