M&M to invest Rs 100 bn to widen India’s EV manufacturing spectrum

15 Dec 2022 CW Team

Mahindra & Mahindra (M&M) said it will make an investment worth Rs 100 billion to set up an electric-vehicle manufacturing plant in Maharashtra’s Pune.

The company stated it has received a nod to make the investment from Maharashtra Government’s industrial promotion scheme for Electric Vehicles. The investment will be made over a period of 7-8 years for setting up the manufacturing facility, development, and production of Mahindra’s upcoming Born Electric Vehicles (BEVs), some of which were showcased in Oxfordshire, UK, on August 15, 2022.

“Based on the state-of-the-art INGLO EV Platform, these include the e-SUVs under the iconic brand - XUV with the Twin Peak logo in copper and the allnew electric-only brand called ‘BE’,” said a press release.

Despite trailing in the EV race against Tata Motors, M&M has been raising funds in its EV subsidiary at almost a similar valuation as the maker of Nexon and Harrier. Earlier in July this year, Mahindra & Mahindra had raised Rs 19.25 billion from British International Investment into a new 4 Wheel Passenger Electric Vehicle Co. to be set up by Mahindra & Mahindra.

The EV Co. will focus on four-wheel (4W) passenger electric vehicles. The total capital infusion for the EV Co. is envisaged to be approximately Rs. 80 billion between FY 24 and FY 27 for the planned product portfolio, Mahindra & Mahindra had said in an announcement.

Also read
BGR Energy Systems bags orders from India Oil
Top five steel companies among others selected for PLI scheme

Technology

03 Jun 2026

Siemens Launches Intelligence Center X for AI

Siemens has launched Intelligence Center X, an industrial AI orchestration software designed to help organisations move from isolated AI pilots to scalable business impact. The software enables people and AI agents to work together through shared context, workflows and lifecycle intelligence.Part of Siemens Xcelerator, Intelligence Center X connects industrial data, models and workflows on a governed foundation, allowing companies to deploy AI-driven applications and agents with traceability and control. It combines the Mendix low-code platform with Siemens’ Graph Studio and AI Studio softwa..

DIPA Adds Gruner Renewable Energy as Member

The Digital Infrastructure Providers Association (DIPA) has onboarded Gruner Renewable Energy as a new member to support the integration of green energy solutions into India’s telecom and digital infrastructure ecosystem.DIPA, India’s apex industry body for digital infrastructure providers and a key stakeholder under the National Broadband Mission 2.0 of the Department of Telecommunications, said the partnership aligns with its vision of building a zero-carbon and future-ready ecosystem.India’s telecom sector is among the country’s most energy-intensive industries, with towers, fibre n..

Central Goa Sees Real Estate Growth Momentum

MVPM’s KirtiShree Kabra Vidyalaya, a CBSE school backed by the KirtiShree Kabra Foundation, was formally inaugurated at the Laxminarayan Mandir Educational Campus in Solapur. The school will begin operations from Nursery to Grade 7 in June 2026, with phased expansion planned up to Grade 12.The campus includes modern facilities such as a Communication Lab, Science Experience Centre, STREAM Lab covering AI-ML, robotics, drone technology and AR/VR, Astronomy and ISRO Lab, podcast room, advanced classrooms, kindergarten based on a Finnish curriculum approach, sports complex, NPAV Sports Ground, ..