Five electric sports utility vehicles designed in the UK were launched by the company.
The SUVs will be sold under two different brands. The electric vehicles were created in the UK.
The electric car market in India is still in its infancy, but it is important for Mahindra to produce a range of clean cars. The e-Verito is the only electric car sold by the local leader in electric three-wheelers.
Lack of charging infrastructure and high upfront-cost of battery-powered cars have hurt India's adoption of electric vehicles. To meet its goal of becoming net-carbon zero by 2070, India needs to decarbonize transportation.
The first of the e-SUVs will be launched in India by the end of the year of 2024, the company said.
, announced plans on the same day to launch its first electric car in mid-20 24 and price it at less than $50,000 for the indian market.
The EV unit was valued at $9.1 billion when it received an investment of $250 million. With the launch of eight electric SUVs by then, as much as 30% of the SUV portfolio is expected to be electric.
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