Electric Vehicle

Mahindra to supply around 20,000 EVs

Mahindra in talks to supply around 20,000 electric three and four vehicles to about 10 entities.

MoneyControl citing Pawan Goenka, Managing Director, Mahindra & Mahindra reports that the company has signed a MoU with the Thane Municipal Corporation and is in talks with at least 3-4 cities to set up a fleet of electric vehicles.

The company is also hopeful of announcing a project with Uber “very soon” and a pilot may be started later this month. The company has also bagged from state-run Energy Efficiency Services (ESSL), to supply electric cars to employees of state-run companies

To be able to cope with the rising demand, Mahindra Electric is working on increasing its production capacity which is at present producing 1,000 electric three-wheelers a month.

According to the report, in 4-5 months the company hopes to reach optimum production capacity, despite constraints due to limited supply from parts suppliers.

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