Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is lining up new products and investments while firming up production plans as it remains very optimistic about gradual evolution of electric vehicle penetration in the country over the next few years.

Five years from now, the company expects about 20-30 per cent of its Sports Utility Vehicles (SUVs) to be electric. Betting big on green mobility, Mahindra has lined up five new electric SUVs with the first four expected to hit the market between December 2024 and 2026. The automaker plans to roll out the five electric SUV models under two brands - XUV and the all-new electric-only brand called ‘BE’.

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.