Electric Cars News

The two companies had signed a partnering agreement in May 2022 for sourcing EV components from VW with a binding supply contract yet to be signed.

The batteries will power the Indian automaker's XUV400 SUVs.

India's EV market, dominated by Tata Motors, represents only 1% of the country's annual sales of about 3 million vehicles. The government wants this to grow to 30% by 2030.

Mahindra could consider investing in a battery-cell company to meet future electrification needs.

Tata Motors aims to sell about 50,000 electric vehicles (EVs) in the fiscal year to March 31, and double that in the 2023/24 period

U.S. auto safety regulators have opened a special investigation into a fatal pedestrian crash in California involving a 2018 Tesla Model 3 where an advanced driver assistance system is suspected of use.

Rajesh Jejurikar, Executive Director of Mahindra Auto said that Mahindra will be unveiling the eXUV400 in September 2022, post revealing its comprehensive product, technology, and platform strategy at the UK event on 15 August 2022.

Mahindra and UK-based British International Investment Plc to invest Rs 1,925 crore each into new EV subsidiary; XUV400 debut confirmed for September 2022.