Anand Mahindra Asserts Commitment To Electric Vehicles In Alternative Fuel Markets

- Advertisement -
- Advertisement -

Mahindra is fully committed to achieving success in the electric vehicle (EV) industry, according to Anand Mahindra. He highlights the significance of EVs, considering both environmental and geopolitical perspectives.

Anand Mahindra, Chairman of the Mahindra and Mahindra (M&M) Group, emphasized the company’s focus on the electric vehicle (EV) sector despite the emergence of various alternative fuel technologies. He noted that while some companies can afford to invest in multiple technologies, Mahindra is concentrating on one or two, particularly EVs. This decision was shared during his participation in the Tamil Nadu Global Investors Meet 2024.

Mahindra expressed his belief that EVs are especially suitable for India due to its lack of fossil fuel resources, highlighting their importance from both environmental and geopolitical standpoints. He reassured that Mahindra’s teams are diligently working to excel in the EV industry and are excited about the strong lineup of EVs in development.

- Advertisement -

Speaking of his connections with Tamil Nadu, Mahindra, an alumnus of a school in Ooty, praised the state’s emphasis on education. He recalled the time when the Mahindra-Ford joint venture was considering locations for a car factory, and despite initially overlooking Tamil Nadu for various reasons, Ford’s team recognized the state’s superior engineering talent pool, leading to Chennai becoming the preferred location.

He shared a personal anecdote about the Mahindra Research Valley project near Chennai. Despite initial hesitations due to the absence of a nearby factory, Mahindra advocated for the project’s location in Chennai, valuing the region’s talent, intelligence, and creativity. This decision led to the co-location of Mahindra’s tractor and auto R&D units there, making the Mahindra Research Valley a significant and proud part of the company’s portfolio.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

Global TV Shipments Decline By 3%, China Experiences Growth

0
In India, the 32” smart TV segment leads the market, although its share is declining. The share of larger screen sizes, particularly 55” and...

India’s Semiconductor Manufacturing Ambition Needs A Decadal Plan

0
Explore India’s surge in semiconductor imports, the pressing need for self-reliance, and the strategic pillars reshaping the nation’s technological destiny. Artificial intelligence (AI) refers to...
Sameer Aggarwal, Founder and CEO, RevFin

“We Have Maintained A Net NPA Rate Below 1%!”

0
Maintaining a low non-performing asset (NPA) rate is considered one of the key factors determining the success of an NBFC (non-banking financial company) operating...

Buzz

MeitY Secretary: Domestic Semiconductor Manufacturing Is The Next Big Thing

0
At the India Digital Summit (IDS) 2024, S Krishnan, Secretary of MeitY, highlighted that India is on the brink of a major move towards...
AG365-Marut Drones

Marut Drones and PJTSAU Receive Utility Patent For Direct Seeding Drone AG365

0
The AG365 serves multiple purposes including pesticide application, and can lead to a 92% reduction in water usage. Marut Drones, a leading Indian drone technology...

Marquardt & doubleSlash Debut Digital Key System

0
The system integrates hardware and software, adhering to Car Connectivity Consortium (CCC) standards. The innovative module offers secure, convenient vehicle access through smartphones. In collaboration...

Important Sectors

MeitY Secretary: Domestic Semiconductor Manufacturing Is The Next Big Thing

0
At the India Digital Summit (IDS) 2024, S Krishnan, Secretary of MeitY, highlighted that India is on the brink of a major move towards...

Electric 2-Wheelers Priced Under ₹100,000

0
Despite irregularities in FAME 2 compliance, electric two-wheelers have gained significant popularity in India and are being embraced enthusiastically by the urban population. However,...

Global TV Shipments Decline By 3%, China Experiences Growth

0
In India, the 32” smart TV segment leads the market, although its share is declining. The share of larger screen sizes, particularly 55” and...
AG365-Marut Drones

Marut Drones and PJTSAU Receive Utility Patent For Direct Seeding Drone AG365

0
The AG365 serves multiple purposes including pesticide application, and can lead to a 92% reduction in water usage. Marut Drones, a leading Indian drone technology...

Marquardt & doubleSlash Debut Digital Key System

0
The system integrates hardware and software, adhering to Car Connectivity Consortium (CCC) standards. The innovative module offers secure, convenient vehicle access through smartphones. In collaboration...

Manufacturing

MeitY Secretary: Domestic Semiconductor Manufacturing Is The Next Big Thing

0
At the India Digital Summit (IDS) 2024, S Krishnan, Secretary of MeitY, highlighted that India is on the brink of a major move towards...

Tata Picks Somerset For UK Battery Plant

0
The Bridgewater factory, operated by the subsidiary Agratas, will initially produce batteries for JLR and Tata Motors; with a capacity of 40GWh, it will...

India’s Semiconductor Manufacturing Ambition Needs A Decadal Plan

0
Explore India’s surge in semiconductor imports, the pressing need for self-reliance, and the strategic pillars reshaping the nation’s technological destiny. Artificial intelligence (AI) refers to...

India’s Battery Manufacturing Capacity To Hit 120 GWh By 2028: Official

0
The government has allocated 30GWh capacity to three companies under the PLI scheme for ACC battery manufacturing and is in the process of awarding...
GlobalFoundries and Qualcomm

Qualcomm Doubles Investment In India, Plans To Invest $1Bn

0
Qualcomm has the largest number of engineers working out of India, with nearly 17,000 of its global workforce of around 40,000 based in the...