Mahindra & Mahindra Ltd.

Mahindra & Mahindra’s (M&M) electric vehicle arm--Mahindra Electric has reportedly received an approval from Science Based Targets. The company has become the first Indian automaker and second worldwide to receive approval. The Science Based Target initiative (SBTi) enables companies to demonstrate their leadership on climate action by publicly committing to science-based GHG reduction targets.

The SBTi’s Target Validation Team has classified Mahindra Electric’s scope 1 and 2 target ambition and has determined that it is in line with a well-below 2deg C trajectory. The temperature alignment (2deg C, well below 2deg C, or 1.5deg C alignment) of all scope 1 and scope 2 targets that have been approved by the SBTi.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.