Today’s episode features one of the companies that has taken the largest risks in the EV space, and now through its acquisition of Reva has in fact also taken on the mantle of being the oldest player in the EV space in India is Mahindra.
Mahindra Electic has sold over 32,000 electric vehicles in India. Yes, you heard right, there are already over 32,000 electric vehicles on the road in India today – and these are just from Mahindra, who plan to sell over 500,000 electric vehicles in India by 2025.
To kick off our 2021 series, Energizing India podcast co-hosts, Trivikram APTE and Sunil BHAMBHANI speak with the MD & CEO of Mahindra Electric, Mahesh BABU. This insightful conversation covered Mahesh’s own journey with Mahindra, the company’s plans to sell 500,000 EVs in Indian within 5 years, and the fact that Mahindra is focusing these to be 3 and 4 wheeled EVs, the journey so far with the challenges posed by varying charging standards and an ecosystem that has yet to evolve for EVs, battery swap versus charge strategies and how EVs can help provide emergency powers to homes as well
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