Maharashtra Approves Mahindra & Mahindra’s Rs 10,000 Crore EV Plant Proposal

Mumbai (Maharashtra), 20th Jan 2023: Maharashtra government has approved Mahindra & Mahindra’s (M&M) proposal to set up an electric vehicle (EV) manufacturing plant in Pune.

The plant, which is expected to cost Rs 10,000 crore, will have the capacity to produce up to 1.5 lakh electric vehicles annually.

The proposed facility will be the company’s second EV manufacturing facility in the state, after it set up its first EV facility in Chakan, near Pune, in 2012.

The new facility will be spread over an area of 100 acres and is expected to generate direct and indirect employment opportunities for around 5,000 people.

M&M’s decision to set up the facility in Pune is in line with the government’s vision to make Maharashtra a hub for electric vehicle manufacturing and to promote sustainable transportation in the state.

The state government has been working on a policy to attract EV manufacturers to set up their facilities in the state.

The company’s move to set up the facility in Pune is also in line with the Indian government’s vision to promote electric mobility in the country. The government has set a target of achieving 30% electric mobility by 2030 and has been working on various schemes and incentives to promote the adoption of electric vehicles.

The facility is expected to manufacture a wide range of products, including electric cars, buses, trucks and two-wheelers. This move will enable M&M to cater to the growing demand for electric vehicles in the country and to take advantage of the government’s focus on promoting electric mobility.

This new facility will also enable M&M to increase its production capacity and meet the growing demand for electric vehicles in the country. It will also help the company to stay competitive in the market and to take advantage of the government’s focus on promoting electric mobility.

In conclusion, The Maharashtra government has approved Mahindra & Mahindra’s proposal to set up an electric vehicle manufacturing plant in Pune, at an estimated cost of Rs 10,000 crore.

This facility will have a capacity of producing 1.5 lakh electric vehicles annually, and is expected to generate employment opportunities for around 5,000 people. The facility will help M&M to cater to the growing demand for electric vehicles in the country and to take advantage of the government’s focus on promoting electric mobility.