Mahindra & Mahindra, the Mumbai-based sports and utility vehicle manufacturer, has ramped up its electric vehicle (EV) production capacity to 8,000 units per month, as per its latest disclosure to the stock exchange.
This expansion comes on the heels of a strong market response, with the company receiving 30,179 EV bookings on the first day of opening, translating to a booking value of Rs 8,472 crore. So far, Mahindra has delivered 6,300 EVs.
In the fourth quarter ending March 2025, Mahindra reported a revenue market share of 37.2% in the electric SUV (E-SUV) segment and 33.1% in electric passenger vehicles (E-PVs), surpassing its closest competitors. The company has ambitious plans for the future, aiming to launch seven Born Electric Vehicles (BEVs) by 2030.
Additionally, it will introduce seven light commercial vehicles (LCVs), including five internal combustion engine (ICE) models and two EVs under the less than 3.5-tonne category.
Two new BEVs are scheduled for launch in 2026, with the product reveal expected on August 15, 2025, alongside the unveiling of a new EV platform. As of March 2025, Mahindra had an installed EV capacity of 7,500 units, with 5,000 units operational. The company plans to increase this to 12,000 units by March 2026 (8,000 operational) and further to 18,000 units by the end of FY27.
To support this growth, Mahindra is developing a new platform with a capacity of 1.2 lakh units at its Chakan facility and is also exploring the capex for a new greenfield plant operationalising from FY28.
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