Mahindra’s investment in securing EV supplies

India’s Mahindra & Mahindra is looking into a relationship with Volkswagen AG to procure electric vehicle (EV) parts like batteries and motors for its new EV unit, valued at $9.1 billion. Over the following several years, Mahindra intends to introduce five electric sport-utility vehicles (SUVs). By March 2027, these vehicles are anticipated to account for up to 30%, or over 200,000 units, of the company’s annual SUV sales.

This collaboration will see:

  • Meet the growing demands for EVs
  • Both the companies have greater control over supplies and costs
  • The companies achieve the national climate change and carbon reduction goals

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