Mahindra & Mahindra – Tires & Parts News https://tiresandparts.net Your News Source for Everything Automotive Wed, 25 Nov 2020 09:18:03 +0000 en-US hourly 1 https://wordpress.org/?v=5.0.11 Mahindra and Mahindra to Invest in Electric Powertrain Technology https://tiresandparts.net/news/parts/mahindra-mahindra-invest-electric-powertrain-technology/ https://tiresandparts.net/news/parts/mahindra-mahindra-invest-electric-powertrain-technology/#respond Mon, 22 May 2017 13:57:48 +0000 https://tiresandparts.net/?p=20625 Mahindra and Mahindra Ltd revealed plans to invest in high-end electric powertrain technology either directly or through its subsidiaries. The company is making this move as part of its drive to be frontrunner when it comes to the future of mobility. The investments will be directed towards increasing the capacity for electric powertrains and electric […]

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Mahindra and Mahindra Ltd revealed plans to invest in high-end electric powertrain technology either directly or through its subsidiaries. The company is making this move as part of its drive to be frontrunner when it comes to the future of mobility.

The investments will be directed towards increasing the capacity for electric powertrains and electric vehicles. The high-end electric powertrains are likely to be used for the electric vehicles that the company will be launching in the future. The company said in a statement that the Group is committed towards making electric vehicles more accessible in order to build a clean and green tomorrow.
The company is also making efforts to sync closely with the government of India’s initiatives to promote hybrid and electric mobility in the country, through the ambitious National Electric Mobility Mission Plan 2030//2020.

Mahindra and Mahindra Ltd is currently the only manufacturer of an electric car in India, and sells a range of small commercial vehicles having electric drivetrains. Eventually, the company plans to expand this range to include both passenger vehicles and commercial vehicles. Mahinda and Mahindra is also closely working with its Korean subsidiary, Mahindra Ssangyong, to develop electric sports utility vehicles (SUVs) in three years and has set an ambitious target of selling 100,000 such SUVs by 2022.

The Indian government has set a goal of seeing 6 million electric and hybrid vehicles on the roads by 2020 under the National Electric Mobility Mission Plan 2020 and Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India Scheme). The government has been offering subsidies on electric and hybrid vehicles to the tune of up to Rs29,000 for bikes and Rs1.38 lakh for cars under FAME India Scheme.

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Valeo to Invest USD 100 Million in India https://tiresandparts.net/news/parts/valeo-invest-usd-100-million-india/ https://tiresandparts.net/news/parts/valeo-invest-usd-100-million-india/#respond Mon, 31 Oct 2016 11:59:18 +0000 https://tiresandparts.net/?p=18249 French parts manufacturer, Valeo has revealed plans to invest USD 100 million in the next 2-3 years in India based on many factors like the country’s growing middle class, availability of skilled engineering manpower and changes in the regulatory environment. According a report in The Economic Times, the French company is planning to hire more […]

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French parts manufacturer, Valeo has revealed plans to invest USD 100 million in the next 2-3 years in India based on many factors like the country’s growing middle class, availability of skilled engineering manpower and changes in the regulatory environment. According a report in The Economic Times, the French company is planning to hire more than 1000 production and software engineers from India to support its operations both within the country and overseas.

According to a statement made by Valeo’s chief executive, André Aschenbroich with the middle class growing at a fast pace, higher levels of disposable income and an expected increase in the value of automotive products due to a loosening of regulatory norms, the company expects the Indian automotive market to keep growing at a fast pace.

Aschenbroich has played a key role in the company’s adoption of innovative technologies to reduce carbon emissions and in taking a pro-active approach in emerging markets like India. He said that the company’s current revenue from China is about USD 1.8 billion and with renewed focus on India, the Indian market is expected to match this in the next ten years.

In the Indian market, given the extreme price sensitivity with regard to petrol and diesel and growing concern about pollution levels in cities, Valeo will be focusing on low-cost and high-end mild hybrid systems. The company already supplies its low-cost mild hybrid systems to leading auto manufacturers, Maruti Suzuki and Mahindra & Mahindra (M&M). Over the next 1-2 years, Valeo is planning to launch three new hybrid solutions which can  help reduce emissions and save fuel by turning off the engine when the car is coasting, braking, or stopped, and restarting when required.

 

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