The Indian auto giant, Mahindra and Mahindra is setting up to introduce hybrid versions of all its crossovers and utility vehicles. As the government of India is putting stress on electrifying all the cars by the end of 2030, the automaker is also planning to start working on this aspect as soon as possible.
At the launching event of new KUV 100 NXT, Pawan Goenka, the MD of the company disclosed its future plan to introduce electric powertrains in its vehicle. He said that the company is working strongly in this field and is planning to invest largely, in order to introduce this technology in near future.
The central government of India is committed towards the electrification of the cars in the country and has promoted the technology at big platforms. It has directed the companies to start working on this aspect and has also planned to provide an extra subsidy to the auto companies for producing hybrid vehicles. This kind of offers from the centre will surely urge the companies to produce more hybrid vehicles.
Mahindra and Mahindra has recently seen a decline in the sales of its products, which has urged the company to actively work on its new launches. The introduction of electric powertrains to its vehicle is a part of their future plan, which will consolidate its position in the market. It has already committed to invest around Rs. 3500 crores to Rs. 4000 crore for the development of electrification program in all its vehicles.
The automaker is expected to introduce an electric version of its KUV in 2018, while it has plans to introduce a hybrid version of the Tivoli SUV S201 in 2019. Apart from this, the company is looking forward to strengthening its petrol vehicles portfolio. The company claims that the introduction of BS VI will make the petrol line-up stronger than the diesel one. It has no future plan of introducing electric powertrain in XUV 500.
The company’s near future plans include the launch of new MPV U321 globally, followed by the launch of SUV S201.