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Mahindra & Mahindra are planning to launch 16 types of EV by 2027 | Great announcement of Mahindra & Mahindra, bringing 16 electric cars by 2027.


Photo: M&M

Mahindra & Mahindra are planning to launch 16 electric vehicles by 2027

NEW DelHI: Major domestic vehicles Mahindra & Mahindra on Tuesday announced plans to install 16 electric vehicles (EVs) in the SUV and light vehicles (LCV) by 2027. Through this, the company seeks to strengthen leadership in India’s power sector. The company has set a target of 15-20 percent growth on all its profits by 2025.

The company has been opening up the process of bringing in private investors or disrupting its EV business as a separate entity to promote its growth. Mahindra & Mahindra (M&M) has already announced plans to invest Rs 3,000 crore in EVs.

The company is also looking at the name of a new electric SUV model that will launch by 2027. Rajesh Jejurikar, Executive Director, M&M said, power outages will account for 20 percent.The company is able to launch four new electric SUVs between 2025-2027.

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