M&M Targets 2 lakh EV Production from Chakan Plant by 2029

18 Aug 2023 CW Team

Mahindra & Mahindra (M&M) has projected that its forthcoming plant in Chakan, Maharashtra, will reach its peak production capacity of 2 lakh electric vehicles (EVs) annually between 2027 and 2029. This projection was shared by Veejay Nakra, the company's President of the Automotive Sector. M&M anticipates that by 2030, EVs will constitute 30% of its total volume. Earlier in January, the Maharashtra government approved M&M's proposal to establish a $1 billion electric vehicle facility in Chakan. The investment, channeled through its subsidiary, will span 7-8 years and will focus on the development and production of its upcoming Born Electric (BE) models. The first product from the BE range is slated for market release by the end of next year, with production at the Chakan plant commencing 4-5 months prior.

Currently, M&M's sole electric model in the passenger vehicle segment is the XUV400, produced at its Nashik plant. However, the company dominates the domestic electric three-wheeler market with over a 70% share. Plans are in place to launch five electric SUV models under the XUV and the new electric-only BE brand.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..