Anand L Mahindra’s tweet clearly shows he is all for the expansion of EV market in India.
Mahindra is the only carmaker from India to offer electric vehicles including e20 and e-Verito in the passenger segment.
Days after the government of India clarified Telsa CEO, Elon Musk’s doubts deeming make in India, the head honcho at American based company has again tweeted about India’s plan to mass shift to EVs by 2030. In his recent tweet (June 1), he mentioned ‘India commits to sell only electric cars by 2030. It is already the largest market for solar power.”
In a very welcoming response, Anand L Mahindra, Chairman of the Mahindra Group tweeted “Time you got here Elon. You don’t want to leave that whole market to Mahindra, do you? The more the merrier and greener”
Time you got out here Elon. You don't want to leave that whole market to Mahindra do you?? The more the merrier–and greener..! https://t.co/IPoA9viDRN
— anand mahindra (@anandmahindra) June 2, 2017
Anand L Mahindra’s tweet clearly shows he is all for the expansion of EV market in India, which currently accounts for an insignificant share. Moreover, Mahindra is the only carmaker from India to offer electric vehicles including e20 and e-Verito in the passenger segment.
Tesla was expected to make its much-hyped foray into the Indian market this year, albeit the carmaker is yet to reveal its final plans on the India entry. The company’s latest offering, Model 3 has even received some bookings from the Indian customers, which could encourage Tesla to start operations in India.
As for the Indian market, the demand for electric vehicles is currently lukewarm, whereas with the government’s plan to go all electric by 2030, India could grow into a vast market for EVs in future. Encouraged by the government’s strong move, Mahindra Electric has already invested a whopping Rs 6 billion in the development of electric vehicles and advanced electric technology. To encourage sales of EVs in India, the government will indeed have to invest in building an infrastructure like installing charging stations etc that supports EVs. Read – Top 5 Electric/Hybrid Cars in India
While there is still time for India to go all electric, carmakers are introducing hybrid technology. Currently, there are handful of options in hybrid segment and with India heading towards EVs, other auto makers are also showing interest in the segment. While the government has also been urging Tesla to set up a manufacturing unit in India for exports to south and south-east Asian markets, the company may make up its mind to foray in India soon.