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No new EV facility planned beyond Chakan plant: Mahindra & Mahindra

Company will roll out Born EVs from Chakan plant by 2025

mahindra
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M&M is targeting 30 per cent EV penetration in its portfolio by 2030. (Photo: Reuters)

Sohini Das Mumbai
SUV maker Mahindra & Mahindra (M&M), which enjoys a 21.6 per cent revenue market share in the segment, is progressing with its upcoming electric vehicle (EV) and EV battery manufacturing plant in Chakan. The auto major ruled out plans to set up another facility to house its new EV architecture.

Kerala industries minister P Rajeeve told Business Standard last month that M&M officials would meet them soon. The state is in talks with EV players to set up manufacturing facilities. Earlier in August, a Reuters report suggested that M&M and China’s Shaanxi had agreed to form a

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