Mahindra Electric in talks to supply Electric Vehicle parts
Mahindra Electric is in talks with global automotive manufacturers to supply electric vehicle parts.
The company, a part of the Mahindra Group, will start supplies of such electric vehicle parts to group firm Ssangyong Motor, by early 2021.
"Mahindra is investing on aggregates (for electric vehicles) which is the battery packs, motor transmission and power electronics. It is an industry at a very nascent stage, we have already said we will be happy to supply those parts to anybody, any original equipment manufacturer (OEM) in India or abroad," Mahindra Electric CEO Mahesh Babu said.
The group has announced Rs 1,000 crore investment in the next three years, increasing the capacity to over 70,000 units per annum from the current 15,000 units.
Moreover, it is also setting up a st...