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Mahindra tweaks EV strategy, to focus on electric three-wheelers

By : Sustainability ..., Jun 1, 2020

Mahindra and Mahindra (M&M), the country’s leading electric vehicle manufacturer by volumes, has revised its strategy to focus aggressively on development and sales of electric three-wheelers instead of electric cars in the coming years, two people aware of the company’s...

M&M subsidiary completes sale of DSPL to CLP India

By : Sustainability ..., Apr 17, 2020

Mahindra & Mahindra (M&M) on 16 April 2020 said its renewable energy subsidiary completed sale of its arm Divine Solren to CLP India for Rs 124.47 crore. Mahindra & Mahindra's (M&M) wholly owned step-down subsidiary, Mahindra Renewables (MRPL), has completed...

Mahindra Renewables divests its stake in Cleansolar Renewable Energy to CLP India

By : Sustainability ..., Mar 30, 2020

Mahindra & Mahindra announced that Mahindra Renewables (MRPL), a step-down wholly owned subsidiary of the Company, has completed the sale of 96,23,000 equity shares of Rs. 10 each held by MRPL in Cleansolar Renewable Energy (CREPL) aggregating to 100% of the paid-up...

Subject Tags: equity , Mahindra & Mahindra , stake sale

M&M in talks with Ashok Leyland, Renault & Hyundai to supply electric powertrains

By : Sustainability ..., Mar 2, 2020

Mahindra and Mahindra has initiated talks with Ashok Leyland, Renault and Hyundai to supply its electric powertrain to its peers, seeking to establish its credentials in a mobility segment that many believe would soon alter the dynamics of the hitherto fuelfired automotive...

Eye on future, clean mobility, 20 e-sedans to soon ply on Ludhiana-Jalandhar route

By : Sustainability ..., Feb 24, 2020

Seeking to offer clean mobility, a pilot project to run 20 electric sedans on Ludhiana-Jalandhar route is on the anvil in Punjab. The proposed project is a joint initiative of Punjab government, World Economic Forum and Mahindra & Mahindra subsidiary Smart Sustainable...

MG’s electric ZS SUV outsells EVs of M&M, Tata and Hyundai at launch

By : Sustainability ..., Jan 20, 2020

MG Motors has bagged over 2,100 bookings for its upcoming electric vehicle, the ZS SUV, and this is more than the combined EV sales of Mahindra & Mahindra, Tata Motors and Hyundai in 2019. The car hits the road later this month, and is likely to cost under Rs 20 lakh. The...

Mahindra outlines its electric mobility roadmap

By : Sustainability ..., Jan 13, 2020

In the past decade, electric mobility has emerged as a major trend in the automotive industry, with great strides being made in terms of practicality and affordability. Mahindra, a company that has been the bellwether of electric vehicles in India, plans to accelerate its...

1,000 Mahindra EVs Power Lithium Urban Technologies' Fleet

By : Sustainability ..., Jan 13, 2020

Bengaluru-based corporate transport service startup Lithium Urban Technologies and Mahindra and Mahindra (M&M) said on Thursday, January 9, 2020, that through their partnership they have inducted 1,000 Electric Vehicles in the fleet so far. Having clocked 100 million ekms...

Shared mobility will be the base of EV plan, says M&M's Pawan Goenka

By : Sustainability ..., Jan 10, 2020

Automobile entity Mahindra & Mahindra says shared mobility will be the base of its electric mobility plan. "This is in tune with government policy. The company is working with state governments and fleet operators to make electric mobility viable. Mahindra now has 22,000-...

Zoomcar prepares to be electric vehicle-driven by 2025, plans expansion

By : Sustainability ..., Dec 27, 2019

Sequoia Capital and Mahindra & Mahindra backed self-driving car rental Zoomcar is betting on the electric vehicle (EV) segment and plans to add 2,500-3,000 more EVs. The Bengaluru-headquartered firm currently operates a fleet of 500 EVs, which it claims is growing four...