Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is planning to launch the fully electric version of its XUV 300 SUV in the market in the first quarter of next year (Q1 2023). The company will unveil its electric vehicle business strategy, 'Born Electric Vision' of EV concept in August this year.

The company has recently partnered with Volkswagen to explore the use of the latter's modular electric drive matrix (MEB) components that can be used in its electric cars. MEB electric platform and its components allow car manufacturers to build their portfolio of electrified vehicles, quickly and cost-effectively.

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.