Mahindra & Mahindra plans to sell its electric vehicles (EVs) through its existing sales network, allowing customers to choose between internal combustion engine (ICE) cars and EVs. The company has launched two new models, BE 6e and XEV 9e, with deliveries expected in February-March next year. A specialized team will be created at sales outlets to enhance EV sales and service, while the focus will initially be on the domestic market before exploring export opportunities.
Mahindra & Mahindra has announced a Rs 4,500 crore investment for the development of two new electric vehicle brands, the BE 6e and XEV 9e. This funding is part of a larger Rs 16,000 crore capital expenditure plan for the electric vehicle sector from FY22 to FY27. The company is establishing a production capacity of 90,000 units per annum at its Chakan plant.
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