Mahindra & Mahindra recently added a new diesel-AMT variant to the XUV300 subcompact SUV lineup. According to an online media report, the company is also working on electric version of the Mahindra XUV300. In coming years, the home-grown carmaker will focus on electric and connected vehicles along with development of petrol engines.
Under the new EV policy of Maharashtra government, Mahindra will invest Rs 500 crore for its electric vehicle project. And the electric versions of the Mahindra XUV300 and KUV100 SUVs will be part of it. Aiming to sustain market growth, the carmaker is working to strengthen its R&D (research and development) and technology capabilities along with expanding its product portfolio and updating the existing models. Read – Rally-Spec Mahindra XUV300 Revealed
Mahindra & Mahindra with its subsidiary Mahindra Electric Mobility Ltd. managed to retail 10,276 electric vehicles (including 1811 four-wheelers and 8465 three-wheelers) in fiscal year 2018-19 as opposed to 4026 EVs of last year. Read – Marazzo Could Be The First Mahindra Car To Get BS6 Engine
In April 2019, Mahindra-Ford signed an agreement to co-develop a mid-size SUV and electric vehicle along with sharing powertrain portfolios. While Ford will provide platforms for the electric vehicles, Mahindra Electric will develop and supply EV technology and powertrains. Reports suggest that the first electric vehicle to be co-developed by Mahindra-Ford will be the full-sized sedan with bigger boot space. It could be based on the Ford Aspire, but it will measure above 4 metre. Both carmakers will also jointly work on connected vehicle solutions.