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Mahindra floors it with EV investments: Will pour in ₹3,000 crore in 3 years

Mahindra floors it with EV investments: Will pour in ₹3,000 crore in 3 years
Updated Apr 12, 2021 | 17:50 IST
The fresh round of investment will also be used for a variety of purposes, including development of a new platform that can underpin multiple models.
Mahindra floors it with EV investments: Will pour in ₹3,000 crore in 3 years
Unless you have been living under a rock, you know the EV revolution has truly arrived in India. Sure, its pace is rather slow and the efficacy would not exactly qualify for impressive, but hey at least we are trying. Anyway, we digress the primary focus of this story is the new report that Mahindra & Mahindra plans to make a humongous investment in its EV business over the next three years, thus signalling yet again just how important it is for the group. Yep, according to a new PTI report, the home-grown automaker will pour in new investments totalling a staggering ₹3,000 crore in its electric v ....

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Audi to launch electric e-tron range in India in next 2-3 months, says official

Globally, Audi had announced a five-year plan under which it would launch 30 electrified vehicles.
German luxury carmaker Audi will launch its fully electric SUV e-tron and crossover e-tron Sportback in India in the next two to three months to kick off its EV journey in the country, according to a senior company official.
The company, which had earlier planned to launch the e-tron towards the end of the last year, had to alter the plan in the wake of the coronavirus pandemic and is now planning to launch the two EVs under the e-tron range simultaneously as it bets big on electric mobility in India. ....

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Tesla CEO Elon Musk confirms India entry, opens unit in Bengaluru

Tesla CEO Elon Musk confirms India entry, opens unit in Bengaluru
India
Published: Thursday, January 14, 2021, 18:34 [IST]
New Delhi, Jan 14: Tesla CEO Elon Musk has confirmed the company s plans to enter the Indian market, within days of the electric vehicle maker registering its arm in the country.
As promised, Musk tweeted in response to a thread linked to a blog that analysed how India could still be a market to be developed for Tesla cars despite its high prices.
Earlier this week, it emerged that US electric car maker Tesla has registered its Indian arm amid indications that the company is set to enter the country s automobile market. ....

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