Mahindra is the only company in India currently to manufacture electric cars and though the sales might not be great, the company has been sticking it out, Mahindra has managed to sell 600 odd electric cars and that’s quite good considering that the company manufactures 100 of them every month. But the demand is about to go up and Mahindra wants to be the first one in that segment to offer as many choices as it possibly can, which is why it announced that there will be two electric vehicles that will be launched in India by 2019.
Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra said, “Our first new electric car will come by 2018 and the second one will be launched by the end of 2019 and we are very excited for both.”
He went on to state that the two cars will be based on current models but did not give out any more details on this front. The company will be investing up to ₹ 600 crore spread across three years to build these cars.
Currently, the company manufactures 100 EVs a day and production capacity will be ramped up to 1,000 cars per month in the next six months and Mahindra has plans to further push the production mark to 5,000 units by 2019.