- Mahindra Group will start supplies of such electric vehicle parts to group firm Ssangyong Motor, by early 2021
- The group has announced Rs 1,000 crore investment in the next three years
- Mahindra is also setting up a state-of-the-art global R&D centre in Bengaluru
Mahindra Electric is in talks with global automotive manufacturers to supply electric vehicle powertrains, according to a top company official.
The company, a part of the Mahindra Group, will start supplies of such electric vehicle parts to group firm Ssangyong Motor, by early 2021.
Mahesh Babu, CEO of Mahindra Electric informed that Mahindra is investing on aggregates (for electric vehicles) which is the battery packs, motor transmission and power electronics.
He further commented that this industry is at a very nascent stage and Mahindra will be happy to supply those parts to anybody, any original equipment manufacturer (OEM) in India or abroad.
While he did not elaborate on the global partners with which the company was in talks with, Babu said supplies to Ssangyong would commence by early 2021.
Strong growth plan
The group has announced Rs 1,000 crore investment in the next three years, increasing the capacity to over 70,000 units per annum from the current 15,000 units.
Moreover, it is also setting up a state-of-the-art global R&D centre in Bangaluru for battery, motors, and power electronics with investments of up to Rs 400 crore, he said, adding it would be operational in the next 18-20 months.
