Mahindra To Introduce Two New Electric Cars In India By 2019; Tesla Rival In The Works

Mahindra is also looking to increase the production of electric vehicles from 500 units per month to 1,000 units which are likely to be achieved in the next four to five months. Managing Director of M&M, Pawan Goenka confirmed that by 2019, the company would have a production capacity of 5,000 units a month.

Mahindra Electric was launched back in 2010 when the company acquired the Reva brand. Since its launch, the automaker has sold over 4,000 electric cars in the Indian market. Mahindra has already invested Rs 500 crore for its electric venture and plans to pump in another Rs 500-600 crore in the next three years.

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Goenka has confirmed that Mahindra will introduce two new electric cars in India which will be based on the existing platform. He said that the first model would be launched in 2018 and the second one will hit the roads by the end of 2019.

Apart from the two new electric cars, Mahindra also plans to develop an electric variant of the KUV100. Mahindra also owns the Pininfarina brand which is also developing a premium electric car to rival the likes of Tesla.

Goenka also said that the Tesla rival premium electric car would soon make its global debut as the development of the car is in progress. He also added that the high-end electric car would not be launched in India until there is enough demand for EVs.

DriveSpark Thinks!

India's leading automakers such as Tata Motors, Hyundai, Toyota and Suzuki are working on electric vehicles to be prepared to shift to pure electric vehicles by 2030. But the primary challenge for EVs in India is the charging infrastructure. With huge investments coming from automakers, we expect several new EVs in the Indian market.