Mahindra Electric Mobility in Talks with Global Players to Supply Its EV Powertrains and Other Components

"Mahindra is increasing investments in producing electric motors, battery packs, motor transmission, and power dynamics. This follows recent policy announcements by the Indian government focused on developing local manufacturing capacities of EVs for availing subsidies under the second Faster Adoption and Manufacturing of EVs (FAME 2) scheme. With the Indian EV industry in a nascent stage, Mahindra will look to supply these parts to other manufacturers too, and is already gearing up to supply electric powertrains to Ssangyong by 2020. Mahindra, in collaboration with South Korean lithium-ion battery manufacturing company LG Chem Ltd, will also be making batteries for EVs in India. LG Chem will supply cells, and with their collaboration, Mahindra will produce module battery packs. Currently,  Mahindra Electric is the only automobile manufacturing company to offer both electric three and four-wheelers to different fleet aggregators. Clearly, Mahindra intends to lead the EV race in the country." - Vinay Piparsania