Mahindra Inaugurates New Technology Plant For Electric Mobility Industry
Mahindra Electric Mobility Limited, part of the USD 20.7 billion Mahindra Group, dedicated to the country its first ever Electric Technology Manufacturing Hub in Karnataka. This new hub aligns with Mahindra’s strong belief in an all-electric future and is based on its Future of Mobility vision of producing Clean, Connected & Convenient vehicles. Mahindra is the pioneer of EV technology in India, and is gearing up to realise this vision with its new, futuristic EV products, concepts and solutions.
The new facility, located in Bengaluru, Karnataka is set to revolutionise the way electric vehicle technology would be used in India, under Mahindra’s +ME brand. The Government of Karnataka has played a very proactive role during the development of this facility. The facility was inaugurated by Shri KJ George, Honourable Minister for Large & Medium Scale Industries, IT & BT, Science & Technology, Government of Karnataka, along with Shri RV Deshpande, Honourable Minister for Revenue, Skill Development, Entrepreneurship and Livelihood, Government of Karnataka, Shri Priyank M Kharge, Honourable Minister for Social Welfare Department, Government of Karnataka and Dr. Pawan Goenka, Managing Director, Mahindra and Mahindra Limited and Chairman, Mahindra Electric Mobility Limited.
This first of its kind, electric vehicle technology manufacturing facility in the EV capital of the country, has been set up with a total investment of Rs. 100 crore. Branded under the umbrella of +ME technologies, the facility will manufacture battery packs, power electronics and motor assembly which are integral part of an electric power train. The plant uses global standards of manufacturing processes and will increase the manufacturing of Mahindra Electric to 25,000 units per annum. The facility will create additional direct employment of around 200 people and some more through the allied services, in the state of Karnataka.
This is the first such project to be cleared by the Department of Industries & Commerce’s SLSWCC since the announcement of Karnataka State Electric Vehicle & Energy Storage Policy in 2017.
The company also rolled out its first lithium-ion electric 3 wheeler range Treo and Treo Yaari and announced its price, starting at an attractive Rs. 1.36 lakhs ex-showroom Bengaluru, including FAME subsidy.